Eletrobras increases take from NBTE sale

Eletrobras increases take from NBTE sale

M&A Equity Energy Electricity Brazil Canada

Brazil's state-owned power company Eletrobras said it earned BRL740 million ($139 million) from the sale of its 49% stake in transmission company Norte Brasil Transmissora de Energia (NBTE) to Ontario Teachers' Pension Plan, according to a securities filing. Eletrobras said earlier this month that it had exercised its tag-along rights and expected to earn BRL700 million for its part of NBTE. Ontario Teachers' acquired 51% of NBTE when it bought transmission company Evoltz Participações from US i

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