The Equatorial Electric Energy Group (EQTL3) announced Friday night the sale of its CDPq Electricity Transmission Division, in a business that assigns a value of up to R $ 9.4 billion to the negotiated assets, according to a relevant fact to the market.
The Equatorial, which won privatization auction of the largest sanitation company in Latin America, Sabesp last year with a bid of about $ 7 billion reais, said that the sale involves all the actions of Equatorial Transmission SA, which has seven transmission networks.
The asset value of assets in the business was set at up to R $ 5.19 billion on the base date of the end of the first half. The debt of transmission assets at the end of last year of R $ 2.86 billion, the equatorial said.
“With the conclusion of the operation, the equatorial will no longer stop any direct and/or indirect participation in the equatorial transmission and transmitters, whose assets were purchased at auctions of 2016 and 2017, and form a representative and high quality portfolio and profitability in the sector,” said the company in the relevant fact.