State Grid Corp of China is again focusing on Brazil’s electricity transmission line business, as it seeks to buy the Brazilian electricity transmission assets of Spain’s Actividades de Construcción y Servicios for $531m plus debt of $411m.

The latest deal is State Grid’s second acquisition in Brazil, according to FT, where it previously bought seven electricity transmission lines for $1bn in 2010.


State Grid has also been reported to be interested in buying a 39 per cent stake held in another Brazilian power holding company, Neoenergia, that is held by Spain’s Iberdrola.

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