Brazil's Equatorial Energia to buy power distributor Celpa
SAO PAULO, Sept 25
SAO PAULO, Sept 25 (Reuters) - Brazilian utility Equatorial Energia agreed to purchase bankrupt Brazilian power distributor Celpa, according to a securities filing on Tuesday.
Equatorial purchased the firm from parent company Grupo Rede Energia for 1 real, receiving 39.1 million shares of Celpa in exchange, according to the filing.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video