| SAO PAULO
SAO PAULO May 12 Canada's Brookfield Asset
Management Inc has agreed to buy Light SA's
stake in Brazilian renewable energy company Renova Energia SA
to become controlling shareholder later, one source
with direct knowledge of the talks said on Friday.
Brookfield will first acquire a 20.3 percent stake owned by
Light in Renova, worth about 200 million reais ($64 million)
considering market prices.
A second step to become controlling shareholder will be a
capital injection of 800 million reais that will dilute current
controlling shareholder, Centrais Elétricas de Minas Gerais
SA, the source added, seeking anonymity because
discussions are private.
Brookfield, Renova, Cemig and Light did not immediately
comment on the matter.
($1 = 3.1227 reais)
(Writing by Tatiana Bautzer; Editing by David Gregorio)