Triunfo withdraws from BlackRock deal

Triunfo withdraws from BlackRock deal

M&A Energy Electricity Funds Debt Brazil United States

Brazilian infrastructure company Triunfo has pulled out of an agreement to sell three energy subsidiaries to US asset management firm BlackRock, according to a securities filing. Triunfo announced the deal with BlackRock's Global Energy & Power Infrastructure Fund in August last year, saying it stood to earn BRL170 million ($32 million) for its shares in subsidiaries Juno, Tijoá and CSE. The deal was terminated, however, "due to the expiry date set out in the sale agreement being reached wit

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