Brazil’s Equatorial Energia wins auction to buy Eletrobras distributor

29 December 2018, News Wires — Brazil’s Equatorial Energia has won an auction to acquire 90 percent of an electric distributor owned by state-controlled company Eletrobras for 45 billion reais ($11.60 billion), according to a securities filing. Equatorial was the only bidder on the distributor, known as Ceal, in the northeastern state of Alagoas. Eletrobras, or … More »