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BTG-Backed Eneva Raises $801 Million in Brazil Share Offering

  • Power company will use proceeds to fund Celse acquisition
  • BTG bought 1.5 billion reais in shares, person familiar say

Eneva SA, the Brazilian power company that counts Banco BTG Pactual SA among its backers, has raised 4.2 billion reais ($801 million) in an equity offering.

The Rio de Janeiro-based firm sold 300 million new shares at 14 reais each, a 2.5% discount to Friday’s closing price, according to a regulatory filing, confirming an earlier Bloomberg News report. BTG Pactual scooped up about 1.5 billion reais in shares, said a person familiar with the matter who asked not to be named discussing private details.