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Statkraft takes full control of Brazilian subsidiary

Richard Heap
September 13, 2023

Norwegian utility Statkraft has taken full control of Brazilian subsidiary Statkraft Energias Renováveis by buying the 18.69% stake it does not currently own.

Statkraft has bought the stake from Brazilian pension fund manager Fundação dos Economiários Federais. Statkraft Energias Renováveis owns 14 hydropower plants and four wind farms with total capacity of 450MW.

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