SGCC

China's State Grid to buy Brazilian electric power transmission assets

State Grid Corporation of China pays $530 million to Spain's Actividades de Construcción y Servicios for Brazilian power lines.

<div style="text-align: left;"> ACS is under pressure to reduce debt by selling off assets throughout the world </div>

Rupert Walker

May 30, 2012

State Grid Corporation of China has agreed to buy 100% of the share capital of seven high voltage electricity transmission assets in Brazil from Spain’s Actividades de Construcción y Servicios (ACS) and affiliates.

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