The five transmission concessions purchased by Argo Energia are in operation and total 2,416 kilometers of lines (Photo: Arquivo/Agência Brasil)
Argo Energia, owned by Spain’s Redeia and Grupo Energía Bogotá (GEB), has completed the acquisition of five transmission lines energy controlled by a Canadian fund Brookfield for 815 million euros, according to a press release published this weekend.
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The deal involves assets from Quantum, which put part of its portfolio up for sale this year, as Reuters reported in January.
The five transmission concessions purchased by Argo Energia are in operation and total 2,416 kilometers of lines, 20 substations and an authorized annual revenue (RAP) of 133 million euros.
The acquisition will make Argo Energia one of the leading transmission operators in the country, Redeia, the company’s parent company, said in a statement.
“Thanks to this acquisition, Argo Energía will double its size and strengthen its leadership, especially in the Northeast region of Brazil, one of the areas with the greatest renewable potential and with the greatest infrastructure development needs. from the country.”
The transaction is subject to customary conditions, as endorsed by regulatory agency Aneel and antitrust agency Cade.
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