Alothon Group to Acquire Majority Stake in Elétron Energy

Source(s): Valor Econômico | Author(s): Camila Maia

Brazil-focused private equity firm Alothon Group has agreed to acquire a majority stake in Elétron Energy, a Brazil-based energy solutions provider, for more than BRL100 million (approximately USD27 million). The company will use the new capital and partnership to expand its power generation, consumer management, and energy trading businesses. The transaction is subject to regulatory approval.