Taesa Recharges Equity Market

Taesa Recharges Equity Market

Brazil Equity

Brazil’s Transmissora Alianca de Energia Eletrica (Taesa) has priced a BRL1.76bn ($876m) equity sale, landing in the middle of the price range, in a deal that saw a far easier time than most Brazilian offerings this year. Investors signed up for close to 5x the shares on offer, according to sources familiar with the sale, drawn in by Taesa’s track record, dividend payments and the view that it enjoys more favorable regulatory conditions than others in Brazil’s electricity universe. “This is a de

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