Steelmaker Gerdau Now Self-Generates Half Its Own Clean Power
3 Articles
3 Articles
Steelmaker Gerdau Now Self-Generates Half Its Own Clean Power
Brazil · Corporates Key Facts —The deal. Gerdau, Brazil’s largest steelmaker, is buying the stakes held by power firms Copel and Celesc in the Dona Francisca hydro plant. —The result. The two purchases give Gerdau full ownership of the plant on the Jacuí River in Rio Grande do Sul state. —The price. The two deals […] The post Steelmaker Gerdau Now Self-Generates Half Its Own Clean Power appeared first on The Rio Times.
Copel informed on Monday (15) of the sale of its participation in the consortium responsible for the UHE (Hydreelectric Power Plant) of Dona Francisca for Gerdau for R$ 150 million. According to the document, the value will be paid in single instalment on the closing date of the operation. Gerdau already held 76.97% of the share capital of DFESA (Dona Francisca Energética S.A.), a company that operates a hydroelectric plant on the banks of the J…
Copel announced this Monday (15) the sale of its stake in the Dona Francisca Hydroelectric Power Plant (UHE), located in Rio Grande do Sul, to Gerdau. In a statement to the market, the company based in Curitiba informed that it accepted a binding proposal and signed, on the same date, the Share Purchase and Sale Agreement with the Rio Grande do Sul steelmaker. The deal concerns the 23.03% stake that Copel held in Dona Francisca Energética S.A. (…
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
