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Brazil's electricity company Equatorial buys Eletrobras unit Cepisa at auction

 

 

 

By Reuters

SAO PAULO
Petroleumworld 07 27 2018

Brazilian electricity company Equatorial Energia SA on Thursday made a successful bid to acquire power distribution company Cepisa, which was put on sale by Centrais Elétricas Brasileiras SA, known as Eletrobras, as part of a divestiture program.

Equatorial Energia, whose shares rose by more than 2 percent after the result of the auction was announced, was the sole bidder for Cepisa, which operates in the northeastern Brazilian state of Piauí.

_________________________

Reporting by Luciano Costa Writing by Ana Mano; Editing by Christian Plumb from Reuters.

reuters.com 07 26 2018

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