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Brazil's Copel Seeks Power Assets From European Companies

Cia. Paranaense de Energia, the Brazilian utility known as Copel, is seeking to purchase assets from European electricity companies in need of cash.

“There are many companies, primarily European companies, that due to the economic crisis need to sell assets,” Chief Executive Officer Lindolfo Zimmer said in an interview in New York. “And we are a company that’s interested in buying them.”

Copel is looking to buy generation, transmission and distribution assets, Zimmer said, without elaborating.

Spain’s Iberdrola SA, EDP-Energias de Portugal SA and France’s GDF Suez are among European companies that have assets in Brazil.

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