CDPQ-backed Verene Energia to acquire power transmission business unit of Equatorial Energia for BRL5.2bn.

CDPQ-backed Verene Energia, a power transmission platform, agreed to acquire power transmission business unit of Equatorial Energia, a Brazilian energy company, for BRL5.2bn. "This new acquisition by our platform Verene shows the continued interest we have in investing in Brazil, a key market for us. It also reflects our appetite for its power transmission sector, which offers a stable and predictable regulatory framework that is attractive to our clients. With over 4,000 km of high-voltage lines in operation, Verene is gaining scale to play a role in meeting the decarbonization objectives for Brazil's national grid," Emmanuel Jaclot, CDPQ Executive Vice-President and Head of Infrastructure.