TotalEnergies Said Among Suitors for AES Brazil Power Unit (1)

TotalEnergies SE has emerged as one of the contenders for the assets of AES Corp. in Brazil, competing against China Three Gorges Corp. and Sao Paulo-based Auren Energia SA, according to people familiar with the matter.

AES Brasil Energia SA has a market value of 5.6 billion reais ($1.1 billion), but the holding company is asking about 7 billion reais for the assets, said the people, asking not to be identified because negotiations are private.

Shares of AES extended gains, with its US stock jumping as much as 4.4% in New York after the news. AES Brasil is up 1.4%. ...