ContourGlobal’s subsidiary sells Brazil hydro business for $313mn

LONDON, UK: Kani Lux Holdings, a majority-owned subsidiary of ContourGlobal plc, has signed a definitive agreement with Pátria Investments to sell its Brazilian hydro power plants (Brazil hydro business) for a total cash consideration of 1.73 billion BRL ($313 million USD) including the assumption of net debt and other customary adjustments. The transaction is expected…