Brookfield holds on to Brazilian power lines after Argo deal

Brookfield holds on to Brazilian power lines after Argo deal

M&A Energy Electricity Brazil Canada Colombia

Canadian investment management firm Brookfield recently agreed to sell half of its electricity transmission assets in Brazil to Argo Energia for BRL4.32 billion ($837 million), but it is unlikely to sell the other half any time soon, according to its legal adviser. "It is the first time that Brookfield sells assets in the transmission sector since it entered it in 2015. It was a matter of opportunity. But they continue investing in the sector as they have just won some transmission lines in a re

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