BlackRock buys Triunfo assets

BlackRock buys Triunfo assets

M&A Equity Project & Infrastructure Finance Energy Electricity Brazil United States

Brazilian infrastructure company Triunfo said it has agreed to sell three subsidiaries to the US asset management firm BlackRock for BRL170m ($42.8m). BlackRock's energy and power infrastructure funds will acquire Triunfo's shares in Juno, Tijoá and CSE Energia through the deal, the Brazilian company said in a statement. Juno owns 50.1% of Tijoá, which operates the Três Irmãos hydroelectric power plant in the state of São Paulo. It also holds 50.1% of the electric power transmission company GSE.

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