Brazilian state-run power company Centrais Eletricas Brasileiras SA, Latin America’s largest utility, said on Thursday that its Eletronorte unit received 740.4 million reais ($140 million) for a tag-along sale of shares in Norte Brasil Transmissora de Energia SA (NBTE).
The shares were sold to a Leovac Participações S.A.-Leovac, owned by the Ontario Teachers’ Pension Plan Board. Leovac had earlier acquired 100% ownership of Evoltz Participações S/A, which held a 51% stake in transmission company NBTE, it said in a securities filing.
Source: Reuters.com