by Luciana Magalhaes and Leticia Fucuchima
Sao Paulo (Reuters) – J & F Investmentos SA, the holding company owned by Brazilian Batista brothers, is in talks to acquire the EDF thermal power station in Rio de Janeiro, two people said to discussions.
The operation, which could bring up to 2 billion reais (318.14 million euros) according to one of the sources, also aroused the interest of other candidates for the buyout.
One of the sources noted that the sale of assets, coordinated by Bank of America is still in its infancy and that I have not yet made a binding offer.
J&F and Bank of America refused to comment. EDF did not respond to a request for comments immediately.
J&F, which also has the JBS meat production and processing company, has extended its presence in the energy sector through its subsidiary Ambar Energia.
This week, the holding company made a separate offer to buy Roraima Energia, an electricity distribution company in the state of northern Brazil, owned by the Oliveira Energia group.
(Written by Luciana Magalhaes and Leticia Fucuchima, Etienne Breban, edited by Kate Entringer)
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