AES working with five banks to evaluate Eneva merger

17 April 2020 - 12:00 am UTC

Power generator AES Tietê is working with a team of five financial advisors to evaluate a merger offer proposed by fellow generator Eneva, according to three sources familiar with the deal.

AES Tietê has hired Bradesco, Santander and BNP Paribas to analyze the BRL 6.6bn (USD 1.26bn) deal, the sources said.

AES Corporation, which owns AES Tietê, has its own advisors in Credit Suisse and Goldman Sachs, the sources added.

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