May 8, 2019 / 3:08 PM / a year ago

Brazil's AES Tiete still defining how to fund windfarm acquired from Renova- executive

SAO PAULO, May 8 (Reuters) - Brazil's AES Tiete Energia SA , controlled by AES Corp., is still defining how it will fund the purchase of a windfarm sold by Renova Energia SA, executives told investors in a conference call on Wednesday.

Vice president Clarissa Della Nina added that the company is not considering a change in the policy of paying 100 percent of AES Tiete's net income in dividend to shareholders. AES Tiete agreed on April 9 to pay 350 million reais, and assume windfarm Alto Sertao III's 998 million reais in debts, after its first offer expired in January. (Reporting by Luciano Costa Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below