SAO PAULO, April 19 (Reuters) - Investment fund Phoenix on Friday won the privatization auction for a controlling stake in Brazilian power generator EMAE with an offer of 70.65 reais per share, a premium of 33.68% over the minimum bid.

Phoenix will pay 1.04 billion reais ($200.21 million) for the stake currently held by the state of Sao Paulo in EMAE. It outbid France's EDF and Matrix, a joint venture between asset manager Prisma Capital and a subsidiary of Switzerland's Duferco Group. ($1 = 5.1946 reais) (Reporting by Leticia Fucuchima; Editing by Kylie Madry)