Italy's Enel raises takeover bid for Brazil's Eletropaulo to $1.54 billion

Reuters

SAO PAULO (Reuters) - Brazil power company Eletropaulo Metropolitana said in a securities filing that Italy's Enel has raised its takeover bid for the company to 32.20 reais per share.

The bid values Eletropaulo at 5.39 billion reais (1.1 billion pounds) and tops an offer by Neoenergia SA, controlled by Spain's Iberdrola SA on Wedsnesday for the Brazilian company at 32.10 reais per share.

(Reporting by Luciano Costa; Writing by Tatiana Bautzer; Editing by Chizu Nomiyama)