July 31, 2019
Brazil's Argo Energia has confirmed that it could sell its electric power transmission lines, but added that it has not reached a deal with any buyers.
The local business daily Valor Econômico reported on July 29 that Argo's owner, the local private equity firm Pátria Investimentos, received non-binding offers to buy the power lines.
The bidders included ISA from Colombia, Red Eléctrica from Spain and a team with France's Engie and the Canadian pension fund Caisse de dépôt et placement du Qué
Brookfield, Engie and ISA are said to be among the bidders