J&F Investimentos, a Baptist family holding, is in negotiations to acquire a thermoelectric plant from the French company Edf in Rio de Janeiro, according to two sources familiar with the matter.
The sale, which can reach up to $ 2 billion, also attracted the interest of other potential buyers, according to one of the sources. One of them pointed out that the process of selling the asset, coordinated by Bank of America, is still at an early stage and that J&F has not yet submitted a binding proposal.
J&F and Bank of America did not want to comment. EDF did not immediately respond to a comment request.
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J&F, which is also a controller of the JBS meat processor, has been expanding its performance in the energy sector through its subsidiary Amber Energia.
Separately,, energy distributor in the state of Roraima, currently controlled by the Oliveira Energia group.
