UAE - Mubasher: Abu Dhabi-based Mubadala Investment Company has been granted the right to match any other higher bid for some assets of bankrupt Renova Energia SA, a Brazilian renewable energy company, Reuters reported.

This announcement was made by Renova Energia in a securities filing on Wednesday.

Mubadala has offered 1.1 billion reais ($211 million) in a binding offer for Renova's 51% stake in Brasil PCH SA unit, which has 13 small hydroelectric plants.