Brazil's Ambar Energia to acquire Copel's majority stake in gas-fired power plant
SAO PAULO, Dec 14 (Reuters) — Brazilian energy firm Ambar Energia is set to buy electric utility Copel’s 81.2% stake in natural gas-fired power plant UTE Araucaria for 320.7 million reais ($65.24 million), the firms said on Thursday.
The facility, located in the southern state of Parana, has an installed generation capacity of 484.15 megawatts (MW).
State-run oil firm Petrobras, which owns the remaining 18.8% stake in the power plant, can exercise its right to join in on the deal until Feb. 26, Ambar said in a statement.
After the deal, Ambar — owned by the J&F group, which also controls the world’s largest meatpacker, JBS — will have a total generation capacity of 2.3 gigawatts (GW), it said.
($1 = 4.9155 reais) (Reporting by Peter Frontini; Editing by Kylie Madry)
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