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MeneameBrazilian power company Caiuá, now called Rede Empresas de Energia Elétrica, is planning to raise money in financial markets through a debt or share sale, the company said in a statement to the São Paulo stock exchange Bovespa.
Rede Empresas has already hired financial advisors for the operation.
A company spokesperson contacted by BNamericas declined to give details on the operation.
Caiuá is the parent company of a group better known in Brazil as Grupo Rede, which includes eight distribution companies and generation units. The group has been undergoing restructuring in the past two years to improve finances and comply with new power sector legislation.
Caiuá's name changed to Rede Empresas as part of the restructuring program, which also includes the sale of its generation assets.
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