Controversial $3.8 Billion Energy Deal Shakes Brazil’s Amazon

The transfer of Amazonas Energia to Âmbar has sparked intense debate in Brazil’s energy sector. This contentious deal involves the main electricity distributor in Amazonas state. Âmbar, a J&F Holding subsidiary, proposed taking control of the struggling company in June 2024. Amazonas Energia has long faced financial difficulties, impacting its service reliability. Âmbar’s proposal aimed […]