October 16, 2019 / 10:07 AM / a month ago

Brazil's Renova Energia files for bankruptcy protection - filing

SAO PAULO, Oct 16 (Reuters) - Brazilian renewable energy firm Renova Energia SA has filed for bankruptcy protection, aiming to restructure a total debt of around 3.1 billion reais ($741.70 million), it said in a securities filing on Wednesday.

The bankruptcy filing comes two days after key shareholder Light SA sold its 17.17% stake in Renova to an investment fund for a symbolic value of 1 real, in a decision that followed failed talks to sell heavily indebted wind farm projects.

$1 = 4.1796 reais Reporting by Gabriela Mello, editing by Louise Heavens

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