TPG Wins Abengoa’s Brazil Transmission Assets For Over $540M

12/14/17

U.S. buyout firm TPG Capital Management LP won an auction for the Brazilian power transmission assets of Spain’s Abengoa SA, a person familiar with matter said on Wednesday.

TPG agreed to pay 482 million reais ($146 million) in cash and to take on 1.3 billion reais ($393 million) of Abengoa’s debts, according to the person, who asked not to be named because the results of the auction were confidential.

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