January 6, 2021
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
Brazilian infrastructure company pulls out of an agreement to sell three energy subsidiaries to the US asset management firm for $32 mln