E.ON in $34 billion Brazil power deal with MPX
Giant German utility E.ON said on Wednesday it will team with Brazilian billionaire Eike Batista to build the largest privately held network of power plants in Brazil, as it bets on emerging markets amid stagnant growth in Europe.
Categories:
Energy
* E.ON to pay $471 mln for 10 pct stake in Brazil’s MPX * Companies could develop 20 GW of capacity in Brazil, Chile * E.ON wins access to fast-growing Latin America market * E.ON shares down 1 percent, MPX down 5 percent (Recasts, adds detail, share…
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