September 27, 2021
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
Brazil's state-owned power company earns $139 mln for 49% of the transmission company in a tag-along deal with Ontario Teachers'