December 13, 2017 / 9:32 PM / 2 years ago

TPG wins Abengoa's Brazil transmission assets for over $540 mln -source

RIO DE JANEIRO, Dec 13 (Reuters) - U.S. buyout firm TPG Capital Management LP won an auction for the Brazilian power transmission assets of Spain’s Abengoa SA, a person familiar with matter said on Wednesday.

TPG agreed to pay 482 million reais ($146 million) in cash and to take on 1.3 billion reais ($393 million) of Abengoa’s debts, according to the person, who asked not to be named because the results of the auction were confidential.

$1 = 3.31 reais $1 = 3.3108 reais Reporting by Marta Nogueira; Editing by Lisa Shumaker

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