Brazil’s Equatorial Energia wins auction to buy Eletrobras distributor

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Brazil’s Equatorial Energia wins auction to buy Eletrobras distributor
29 December 2018, News Wires — Brazil’s Equatorial Energia has won an auction to acquire 90 percent of an electric distributor owned by state-controlled company Eletrobras for 45 billion reais ($11.60 billion), according to a securities filing. Equatorial was the only bidder on the distributor, known as Ceal, in the northeastern state of Alagoas. Eletrobras, or … More »
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