News Snapshot:
The company CPFL Energía, of the Chinese group State Grid, was awarded this Friday control of the State Electricity Transmission Company of Rio Grande do Sul (CEEE-T), in southern Brazil, for 2,670 million reais (525 millions of dollars). In an auction held on the Sao Paulo Stock Exchange, the firm controlled by State Grid acquired 66% of CEEE-T’s total share capital, offering 57% more than the minimum price required by the authorities.
