Stock Groups

Eletrobras unit sells stake in transmission company for $140 million By Reuters

by Mike Robinson

[ad_1]

© Reuters. FILE PHOTO. The logo of Eletrobras (a Brazilian utility company) is shown on a monitor at New York Stock Exchange in New York on 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 Participações S.A.-Leovac, owned by the Ontario Teachers’ Pension Plan Board. Leovac had earlier acquired 100% ownership of Evoltz Participações S/A, which held a 51% stake in transmission company NBTE, it said in a securities filing. ($1 = 5.3034 reais)

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs include stocks, indexes and futures. Prices are provided only by market makers and are therefore not necessarily accurate. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of 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. You should be aware of all the potential risks and expenses associated with trading in the financial market. It is among the most dangerous investment types.



[ad_2]