Brazil's Equatorial Energia to buy power distributor Celpa

SAO PAULO, Sept 25 Tue Sep 25, 2012 2:49pm EDT

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.