May 30, 2018 / 10:25 AM / 7 months ago

Brazil's Taesa seeks shareholder approval to take part in transmission auction

SAO PAULO, May 30 (Reuters) - Brazilian power transmission company Transmissora Aliança de Energia Eletrica SA will seek approval at an extraordinary shareholders’ meeting on June 14 to participate in an upcoming government transmission auction, either alone or in a consortium, it said in a filing on Wednesday morning.

According to the website of Brazilian power regulator Aneel, the auction in question will occur on June 28 at Sao Paulo’s B3 SA stock exchange.

Taesa is controlled by Colombia’s ISA and Brazil’s Cia Energetica de Minas Gerais SA. (Reporting by Gram Slattery; Editing by Mark Potter)

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