Eletrobras shareholders approve sale of Celg-D
Brazil's state-controlled power holding company Eletrobras has announced that a shareholders assembly approved the sale of a controlling stake of power distribution company Celg Distribuição (Celg-D).
Eletrobras, or Centrais Elétricas Brasileiras SA, plans to privatize Celg-D in an auction at Sao Paulo-based exchange BM&FBovespa. The auction is expected to take place in December 2016.
Goiás state power company Celg Distribuição is engaged in the distribution and sale of electricity in 237 municipalities throughout the state. The company supplies 2.2 million clients and operates a network of 333 distribution substations. Celg D was founded in 1956.
The minimum price for Celg-D was fixed at BRL1.8 billion (US$577 million).
Country news
-
-
October 14, 2016
Duke Energy completes exit of international business in deals valued at $2.4 billion
Duke Energy has reached an agreement to sell its international businesses in Peru, Chile, Ecuador,Guatemala, El Salvador and Argentina to I Squared Capital for approximately $1.2 billion enterprise value (cash and the assumption of debt) Read more -
October 11, 2016
Canadian Solar sells 80% interest in Canadian Solar's Pirapora I solar energy project in Brazil
Canadian Solar Inc. and EDF Energies Nouvelles have announced the sale of 80% interest in Canadian Solar's Pirapora I solar energy project in Brazil to EDF Energies Nouvelles' local subsidiary, EDF EN do Brasil.
Read more -
October 13, 2016
Grupo NC to buy 108 MW wind complex in Brazil from Odebrecht
The Brazilian Odebrecht Organization has agreed to sell the 108 MW Corredor do Senandes wind power complex to Grupo NC, a Brazilian pharmaceutical and investment company. Read more -
October 04, 2016
Brazilian pension fund Previ sells stake in CPFL
Brazil's Caixa De Previdencia Dos Funcionarios Do Banco Do Brasil (Previ), the pension fund for the employees of federally controlled banking Banco do Brasil, has decided to sell its minority stake in CPFL Energia SA to State Grid Corporation of China (SGCC), a state-owned grid operator. Read more -
October 03, 2016
Petrobras sells Nova Transportadora do Sudeste to Brookfield-led team
Petrobras has announced that its Board of Directors approved the sale of 90% of the shares of Nova Transportadora do Sudeste (NTS) to Brookfield Infrastructure Partners (BIP) and its affiliates. Read more
