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Thursday, 27 January 2011

Developments in Brazil Energy Sector

Rio Times
Jan 26, 2011

Iberdrola, Spain’s largest energy company and worldwide leader in wind production, has announced that it will acquire 99.68 percent of Elektro, a private utility company in Brazil, from Ashmore Energy International (AEI) for US$2.4 billion in cash pending the approval of the Brazilian Electricity Regulatory Agency (ANEEL).
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