(ADPnews) - Nov 24, 2010 - Portuguese diversified holding group Martifer (ELI:MAR) is preparing to fund itself on the Brazilian market, business daily Jornal de Negocios wrote in its Wednesday edition.
The company is negotiating an issue of debt in Brazilian reais and sale of part of its wind parks in the country to local investors.
This package of funding is to be completed by the end of the first half of 2010, the daily added quoting CFO Mario Couto.
"Martifer keeps all possibilities opened," the official said. "We have various proposals and our intention is to close the financing until May or June," Couto added.
Martifer has to develop the installation of 218 MW wind farms in Brazil under licences won at one of the latest renewable power tenders of the government.