BRASILIA/SAO PAULO, Nov 27 (Reuters) - The board of directors for Brazil renewable energy company Renova Energia SA RNEW11.SA has approved Brookfield Asset Management Inc's BAMa.TO proposal to acquire the company, a securities exchange filing showed on Monday.
Brookfield will inject 1.4 billion reais ($433 million) into Renova, which is controlled by Companhia Energetica de Minas Gerais CMIG4.SA , acquiring the shares at 6 reais each, the filing by Renova stakeholder Light SA LIGT3.SA said.
The asset management firm could pay an additional 1 real per share depending on the sale price of wind farm Alto Sertao II.
($1 = 3.2329 reais)