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UPDATE 1-Brazil's CPFL Renováveis seeks $665 mln in IPO

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* Suggested price is 12.51 reais-15.01 reais a share * CPFL to proceed with IPO despite recent market turmoil * BTG Pactual, Previ pledge $411 mln in capital for IPO SAO PAULO, June 27 (Reuters) - CPFL Energias Renováveis SA, the alternative energy unit of Brazilian utility CPFL Energia SA , plans to raise up to 1.46 billion reais ($665 million) in an initial public offering slated for next month, despite recent market turmoil that has forced other companies to reconsider similar plans. CPFL Renováveis, as the company is known, suggested a price range of 12.51 reais to 15.01 reais a share for the IPO, which may price as...

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