Federal Battery Funding Freeze: DOE Withdraws $700M from Stalled Green Energy Projects
Major Shift in Clean Energy Strategy The U.S. Department of Energy has pulled the plug on approximately $700 million in…
Tag: Holding company
Batista Brothers’ J&F Investimentos Acquires Eletrobras Nuclear Unit in $98 Million Deal
In a significant move for Brazil’s energy sector, the Batista brothers’ holding company has acquired Eletrobras’ nuclear subsidiary. This $98 million transaction marks J&F Investimentos’ latest diversification beyond their core JBS meatpacking business into strategic energy assets.
Brazil’s energy landscape is undergoing a significant transformation as J&F Investimentos, the holding company controlled by brothers Wesley and Joesley Batista, has acquired Eletrobras‘ nuclear subsidiary Eletronuclear for $98 million. This strategic purchase represents a major shift for both companies, with the Batista brothers expanding their investment portfolio while South America’s largest utility streamlines its operations following privatization.