August 22, 2018 / 6:40 PM / 4 months ago

Sovereign fund GIC, investment firm Squadra vying for power co Cesp-source

SAO PAULO, Aug 22 (Reuters) - Singapore sovereign wealth fund GIC Pte Ltd and Brazilian investment firm Squadra Investimentos are among groups interested in acquiring Companhia Energética de São Paulo, known as Cesp, a person with knowledge of the matter said.

GIC executives in Brazil as well as Squadra executives went to meetings at Cesp to get access to details of a privatization. The auction of a controlling stake in Cesp is scheduled for Oct. 2. GIC, Cesp and Squadra did not immediately comment on the matter. (Reporting by Luciano Costa; Writing by Tatiana Bautzer Editing by Jeffrey Benkoe)

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