EDP wins Brazilian auction to buy Celg Transmissão for €309 million
EDP, which controls 54.89% of EDP - Energias do Brasil, said in the statement that the transaction is pending applicable regulatory approvals.
Energias do Brasil won the public auction to acquire 100% of the capital of Celg Transmissão S.A. (CELG-T), for BRL 1.977 billion (€309 million), the holding company announced on the CMVM website.
EDP, which controls 54.89% of EDP – Energias do Brasil, said in the statement that the transaction is pending applicable regulatory approvals.
CELG-T has a grid of 755.5 kilometres and operates 14 substations, located predominantly in the state of Goiás.
The information from EDP adds that the concession term covers a period up to 2043 and 2046 and that the annual allowed revenue is BRL 223 million, relating to the 2021/2022 cycle.
EDP added that this transaction is in line with its growth strategy in regulated electricity networks in Brazil.
