On heels of J&F; deal, Brazil's Taesa to bid for new licenses [Reuters]
Comp En De Mn Cemig ADS American Depositary Receipts (CIG.C)
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Source: Reuters
On heels of J&F; deal, Brazil's Taesa to bid for new licenses | Reuters 3 Min Read SAO PAULO (Reuters) - Brazil’s Transmissora Aliança de Energia Elétrica SA ( TAEE11.SA ) is interested in bidding for new licenses to operate transmission lines in the country, even after announcing a $348 million deal including debt this week, Chief Executive Officer Raul Lycurgo Leite said on Tuesday. Taesa, as the company is known, bought transmission lines owned by Ambar Energia, a subsidiary of J&F; Investimentos SA, the holding company controlled by the Batista family, which also owns meatpacker JBS SA ( JBSS3.SA ). Taesa will pay $242 million to J&F; and assume 414 million reais ($106 million) in debt, executives said. “The deal does not affect our interest in bidding for new licenses. We will participate in the auction”, Leite told Reuters on Tuesday, referring to an auction scheduled for Dec. 20. Taesa, which is controlled by state-owned Companhia Energetica de Minas Gerais ( CMIG4.SA ),
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