Announced
Financials
Sources
Tags
Private
Majority
Friendly
Brazil
Acquisition
Single Bidder
Conventional Electricity
Pending
energy transmission
Domestic
Synopsis
Companhia de Transmissão de Energia Elétrica Paulista, a Brazilian electric utility, agreed to acquire Piratininga-Bandeirantes Transmissora de Energia, an energy transmission company, from SF Energia, a photovoltaic energy and energy management firm, for $305m. The consummation of the transaction is subject to the fulfilment of certain conditions. The transaction reinforces CTEEP's strategy of growth with sustainable value creation with a commitment to create value through investments in projects that contribute to the expansion of Brazil’s power transmission system.
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