State Grid signs deal to buy Brazil's CPFL stake - filing

viernes 2 de septiembre de 2016 07:15 GYT

BRASILIA, Sept 2 (Reuters) - State Grid Corp of China signed the final terms of the purchase of a 23 percent stake in Brazilian power holding company CPFL Energia SA from conglomerate Camargo Correa SA, CPFL said in a filing on Friday.

On July 1, State Grid, the world's largest utility, agreed to pay 5.9 billion reais ($1.8 billion) for Camargo Correa's stake in CPFL CPFE3.SA, part of an effort to expand in Latin America's largest economy. (Reporting by Silvio Cascione)