Brazil's Cade approves Itaú Unibanco's increased stake in Eneva's Parnaíba complex

The General Superintendence of Brazil's antitrust regulator, Cade, has cleared Itaú Unibanco to expand its minority interest in Eneva Participações, which operates the 1.9 GW Parnaíba natural gas-fired power complex. The approval is subject to a 15-day appeal period by competitors or council members before becoming final. This consolidation reflects ongoing capital allocation by major financial institutions into Brazil's critical energy infrastructure.