December 5, 2018 / 9:37 AM / 10 days ago

Brazil's Light: AES Tietê makes binding proposal for Renova's wind project

SAO PAULO, Dec 5 (Reuters) - Brazil's Light said on Wednesday it had received a binding proposal from AES Tietê Energia to acquire Alto Sertão III and 1.1 GW in other wind projects controlled by its subsidiary Renova Energia SA.

In a securities filing Light said Renova had not made a decision about the deal and that it continued to study other alternatives to its capital structure.

Reporting by Carolina Mandl; Editing by Jon Boyle

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