Eletrobras unit sells stake in transmission company for $140 million

Related Articles

imageStock Markets44 minutes ago (Sep 23, 2021 06:36PM ET)

(C) Reuters. FILE PHOTO: The logo for Eletrobras, a Brazilian electric utilities company, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid/File Photo

BRASILIA (Reuters) – Brazilian state-run power company Centrais Eletricas Brasileiras SA, Latin America’s largest utility, said on Thursday that its Eletronorte unit received 740.4 million reais ($140 million) for a tag-along sale of shares in Norte Brasil Transmissora de Energia SA (NBTE).

The shares were sold to aLeovac Participacoes S.A.-Leovac, owned by the Ontario Teachers’ Pension Plan Board. Leovac had earlier acquired 100% ownership of Evoltz Participacoes S/A, which held a 51% stake in transmission company NBTE, it said in a securities filing. ($1 = 5.3034 reais)

Eletrobras unit sells stake in transmission company for $140 million

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Subscribe

Category

Popular stories