CPFL Renovaveis Files for Second Initial Public Offering Attempt
CPFL Energias Renovaveis SA, the renewable-energy unit of Brazilian power utility CPFL Energia SA (CPFE3), has registered for an initial public offering seven months after pulling plans to sell shares due to “market conditions.”
The transaction will be subject to conditions of national and international capital markets, the Sao Paulo-based company said yesterday in a filing with stock market regulator Comissao de Valores Mobiliarios.
The company canceled plans to hold an IPO on Oct. 4, according to a previous filing.
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