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Reuters: AES Corp. considering bid for Brazil's CELG

Feb. 05, 2016 9:43 AM ETThe AES Corporation (AES) StockAES, CPL, EBRBy: Carl Surran, SA News Editor1 Comment
  • U.S. power utility AES Corp. (AES -0.9%) as well as Brazilian rivals CPFL Energia (CPL -0.8%) and Equatorial Energia are among groups showing preliminary interest in buying state-controlled power distributor Centrais Elétricas de Goiás, Reuters reports.
  • The plan comes as Centrais Elétricas Brasileiras (EBR -0.6%), Brazil's largest power holding company, is considering selling stakes in several distribution companies; the move underscores Pres. Rousseff's efforts to streamline the size of state companies, whose rapid growth has put public finances under pressure.

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