Chinese firms bid for Brazil generator company

China Three Gorges, State Grid vying with Canadian rival for stake in Santo Antonio plant

Two Chinese companies are bidding for a major stake in Brazil's fourth largest energy generator Santo Antonio Energia SA, amongst other suitors such as a Canadian asset management company, according to sources quoted by Bloomberg.

The two companies, China Three Gorges Corp and State Grid Corp of China, are competing with Canada's Brookfield Asset Management Inc for 28.6 percent of shares in the Brazilian company, the report said.