EDP to acquire Celg T from CelgPar for $359m.

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.