Brazilian Energy Major Plans To Spend $17 Billion On Mergers And Acquisitions ...Middle East

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Brazilian Energy Major Plans To Spend $17 Billion On Mergers And Acquisitions
source : OILPRICE ( Middle East ) () 50
Brazil’s energy major Eletrobras has plans to invest close to $17 billion over the next five years and is eager to grow through mergers and acquisitions. That’s according to a security filing, cited by Reuters, in which the Brazilian company also said that investments in electricity generation would come in at around $3.6 billion over the period. The company will also look at acquisition opportunities in low-carbon energy capacity and transmission, the filing also said, with the total number of deals eyed at up to 15. The expansion…

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