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Brazil/Colombia: Colombian group buys Brazil power company for $320 million

 |  January 3, 2017

Two of the three major shareholders in Brazilian power company Transmissora Alianca de Energia Elétrica (TAESA) have agreed to sell their share of the company to Colombia’s Interconexión Eléctrica SA (ISA), in a deal expected to reach $320 million USD.

Under the terms of the agreement, ISA will walk away with 100% of FIP Coliseu and FIP Taurus’ shares in Taesa, which amount to 41.6% of the company’s controlling stakes.

The agreement, signed last Tuesday, is still pending approval by competition regulator CADE and electric sector regulator ANEEL.

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