Argo studies sale of power lines

Argo studies sale of power lines

M&A Energy Electricity Brazil Europe Canada Colombia

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 Québe

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