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Renova Energia SA (RNEW11.SA)

RNEW11.SA on Sao Paulo Stock Exchange

5.80BRL
7:36pm GMT
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Latest Key Developments (Source: Significant Developments)

Renova Energia SA announces termination of sale agreement with TerraForm Global Inc
Monday, 4 Apr 2016 

Renova Energia SA:Says that sale agreement with TerraForm Global Inc, concerning the company's assets in ESPA project, has been terminated.Says that TerraForm Global Inc is to pay break-up fee of $10.0 million.Says that assets, corresponding to three small hydroelectric power plants with 41.8 MW of installed capacity, will keep belonging to the company.Says it has informed SunEdison and TerraForm Global about its intention to execute sell option of 7 million TerraForm Global's shares of its ownership.Says that SunEdison has 60 days to settle the transaction and is able to chose share price between $15.0 and 50.48 Brazilian reais.  Full Article

Renova Energia SA announces chief executive officer change
Wednesday, 16 Mar 2016 

Renova Energia SA:Says Carlos Henrique Waack has resigned from CEO.Says it appoints Cristiano Correa de Barros as new chief executive officer of the company.Says Cristiano Correa de Barros now holds positions of CEO and CFO.  Full Article

Deals of the day-Mergers and acquisitions

Nov 27 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Monday: