Announced
Financials
Sources
Tags
Conventional Electricity
Acquisition
Privatisation
Friendly
Auction
Cross Border
power transmission
Public
Pending
Brazil
Majority
Synopsis
EDP, a renewable energy company, agreed to acquire Celg T, a Brazilian power transmission company, from CelgPar, an operator of a pulp mill, for $359m. "It is an important asset for the country and, therefore, we understand that we can add and contribute so that the company, which is good, gets even better. We will be able to monetize with great operational quality. We are implementing a strong strategy, betting on the Brazilian market and betting on networks," João Marques da Cruz, EDP CEO.
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