Abengoa Sells Stake in Brazil Lines

Abengoa Sells Stake in Brazil Lines

Brazil M&A

Abengoa Brasil finalized its agreement to sell its 25% stake in ETEE and ETIM to State Grid International for EUR90m. The 2 companies hold a concession for the 213km transmission line that connects the hydraulic power stations of the city of Itumbiara in the state of Goias, and Marimbondo in the state of Minas Gerais. According to an Abengoa spokesman, proceeds will be reinvested in development projects within the country. “The sale will allow us to focus our efforts on the major transmission pr

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