March 2, 2020 / 12:33 PM / a month ago

Brazil energy company Eneva proposes to merge with rival Aes Tiete

SAO PAULO, March 2 (Reuters) - Brazil energy company Aes Tiete said on Monday that it had received a merger proposal from energy company Eneva, which is willing to pay a 13.3% premium to buy out Aes Tiete shareholders.

Aes Tiete said in a securities filing disclosing the proposal that it has yet to decide whether it will accept it. The merger would also require regulatory scrutiny. (Reporting by Luciano Costa; Editing by Kirsten Donovan)

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