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BNDES divests share in renewables company

The São Paulo offices of Lefosse Advogados and BMA - Barbosa, Müssnich, Aragão have helped US energy group AES buy a minority stake in Brazilian utilities company AES Tietê from the Brazilian Development Bank (BNDES) for 1.3 billion reais (US$230 million), while the company also obtained a loan to fund the acquisition.