Brazil's Eletrobras says buys 51 pct stake in Goias energy firm Celg D

martes 26 de agosto de 2014 19:18 GYT
 

RIO DE JANEIRO Aug 26 (Reuters) - Brazil's state-run power utility Eletrobras said on Tuesday it agreed to buy a 51 percent stake in power distributor Celg Distribuição for 59.5 million reais ($26.3 million).

Celg D has a concession to distribute power in 237 municipalities in the central Brazilian state of Goias, which corresponds to more than 98.7 percent of the state.

The deal is dependent on shareholder and regulatory approval as well as a capital raising by Celg D. (Reporting by Stephen Eisenhammer; Editing by Lisa Shumaker)