Taesa lines up M&A targets

Taesa lines up M&A targets

M&A Corporate & Sovereign Strategy Energy Electricity Brazil

Brazil's Taesa said it wants to buy four more transmission lines and increase its portfolio to a total of 40 concessions. "When we talk about M&A, Taesa is always ready, always on the lookout," CEO Raul Lycurgo said during a conference call to discuss the firm's latest financial results. Taesa has identified 82 companies with BRL5.55bn ($1.4bn) in combined annual revenues, or around BRL68m each, that could make good acquisitions targets, Lycurgo said. "It's fertile ground for an M&A proc

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