Sept 29 (Reuters) - Cia Energética de Minas Gerais SA and a subsidiary plan to exit their controlling stake in Brazilian renewable power company Renova Energia SA as Brookfield Asset Management Inc BAMa.TO considers raising a takeover bid more than initially expected, two people with direct knowledge of the matter said on Friday.
According to the people, who requested anonymity because the talks remain private, Brookfield would offer Cemig CMIG4.SA and subsidiary Light SA LIGT3.SA the equivalent of 11.75 reais ($3.72) per unit of Renova. Each Renova unit RNEW11.SA consists of one common and two preferred shares.
($1 = 3.1640 reais)