SunEdison Cancels Deal to Buy Stake in Brazil Developer Renova

  • Acquisition of Chile developer was canceled in October
  • Renova stock deal would have been `massive' dillution

SunEdison Inc., the worst-performing solar company this year, canceled its $250 million deal to buy a 16 percent stake in the Brazilian renewable energy company Renova Energia SA, the second time in as many months it’s backed away from the South America market.

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