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Franklin Templeton Sells Stake in Brazil Renewable Power Company

The private equity unit of Franklin Templeton Investments sold its stake in Bioenergy Geradora de Energia Ltda., a Brazilian renewable power company.

A family office bought the stake, according to a Franklin Templeton press official who asked not to be named yesterday, citing company policy. The official didn’t give a price or identify the buyer. Bioenergy has about 1.5 gigawatts of generating capacity in Brazil.