Deals
Taesa Mulls Acquisition of Abengoa's Brazil Transmission Lines
- Abengoa owns about 10,000 kilometers of transmission lines
- Negotiations for the acquisition are `on hold,' CEO says
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Transmissora Alianca de Energia Eletrica SA, a state-owned operator of power lines in Brazil, is considering the acquisition of Abengoa SA’s transmission assets in the country as the Spanish company teeters on the edge of insolvency.
“We are interested in the assets,” Chief Executive Officer Jose Aloice Rogone Filho said in an interview Friday. “We are on hold for now, waiting to see what’s going to be Brazil’s government decision about Abengoa operations.”