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Exclusive-Chinese, Brazilian, UAE suitors eye Castlelake renewable unit Ibitu, sources say

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Reuters UK

By Tatiana Bautzer and Leticia Fucuchima SAO PAULO (Reuters) – United Arab Emirates investor Mubadala Investment Co, China’s State Power Investment Corporation and Brazilian companies Vibra and XP Inc are among those interested in acquiring assets owned by Brazilian renewable energy co Ibitu Energia, according to six sources with knowledge of the matter. U.S. asset manager Castlelake has decided to divide Ibitu into two units for sale to broaden the field of potential bidders, the sources added, asking for anonymity to discuss private talks. The investment banking units of Banco BTG Pactual an…

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