SAO PAULO, March 31 (Reuters) - Brazil’s renewable power generation company Renova Energia SA will finalize the sale of wind farm Alto Sertao II to the Brazilian unit of AES Corp for about 700 million reais ($223 million) as early as Monday, two people with direct knowledge of the matter said.
The project sale is a condition for Brookfield Asset Management Inc’s plan to enter Renova’s controlling bloc in a deal valued at about 1 billion reais, said the people, who requested anonymity because the matter remains private.
Renova and the AES unit did not have an immediate comment. Brookfield declined to comment.
$1 = 3.1342 reais Reporting by Guillermo Parra-Bernal; Editing by Cynthia Osterman