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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (63616)	5/18/2010 8:48:54 AM
From: elmatador	Read Replies (1) \| Respond to of 219931

Chinese buys as Europeans sell: State Grid bought transmission from Spanish: Cobra, Elecnor e Isolux reuters.com A State Grid covers 88% of China territory and it is biggest China and world transmission compnay Revenue of de US$ 164 billion in 2008. Has 1,5 million employees is 15th Fortune's company. China to buy 7 Brazil transmission firms - reports Tue May 18, 2010 7:53am EDT RIO DE JANEIRO, May 18 (Reuters) - China's state-run electricity grid firm has agreed to buy seven Brazilian transmission companies from Plena Transmissoras for 3.1 billion reais ($1.72 billion), local media reported on Tuesday. Plena, controlled by a group of Spanish energy firms, will sell seven of its 12 transmission divisions to State Grid Corp of China, according to the business daily Valor Economico, which cited a Plena official. The deal, which is subject to regulatory approval, includes the transfer of 1.3 billion reais ($722 million) in Plena debt to the Chinese company, which will receive access to 3,000 kilometers (1,864 miles) of transmission lines in Brazil. Plena, controlled by Spanish firms Elecnor (ENOR.MC), Isolux and Cobra, previously rejected buyout offers from Cemig (CMIG3.SA), run by Brazil's state of Minas Gerais, and Colombia's ISA group, Valor said. The vast majority of Brazil's transmission companies are run by the Brazilian government. (Reporting by Brian Ellsworth; editing by John Wallace)