Eletropaulo outlines date for acquisition proposals

Eletropaulo outlines date for acquisition proposals

M&A Energy Brazil

Eletropaulo will decide on two takeover proposal by May 30, the Brazilian power distributor said in a securities filing on Monday. Italian utility Enel, through its Brazilian subsidiary, has bid BRL32.2 ($8.9) for each Eletropaulo common share, while Neoenergia is currently offering BRL32.1 for each share in the Brazilian company. Both companies have until May 24 to revise their bids ahead of a scheduled auction on June 4. Neoenergia, controlled by Spain's Iberdrola, said last week it had reques

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