Colombian ISA agrees to purchase Brazilian PBTE for $ 309 mn

Colombian conglomerate ISA reported on Wednesday that it agreed to purchase the Brazilian Piratininga-Bandeirantes Transmissora de Energia (PBTE), for $309 million. ISA carried out the business through the purchase of the shares that SF Energía S.A. and Kavom Energía had PBTE. ISA transports about 33% of the electrical energy produced in Brazil, operates in 17 of the 26 states and has more than 18,000 kilometers of transmission lines in that country. The Colombian conglomerate – in which the government owns a majority stake – is engaged in energy, roads and information and telecommunications technology businesses in Latin America.

Source: Reuters