# Taesa agrees to buy Rialma Transmissora de Energia 1 for $14 million

Brazilian utility Transmissora Aliança de Energia Elétrica (Taesa) agreed to acquire 100% of domestic energy transmission firm Rialma Transmissora de Energia 1 for 56.7 million reais ($13.99 million).

- Type: Acquisition
- Announced: 2019-08-20
- Where: Brazil
- Value: $14.0M
- Status: announced
- Products: energy transmission
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Transmissora Aliança de Energia Elétrica](https://endata.com/companies/41459.md) (acquirer)
- [Rialma Transmissora de Energia 1](https://endata.com/companies/41460.md) (target)

## Sources

- [reuters.com](https://www.reuters.com/article/markets/us/brazils-taesa-to-buy-energy-transmission-company-for-14-mln-filing-idUSL2N25G1LM/), 2019-08-20: "Taesa, as the firm is known, added that Rialma is interconnected to one of its substations (SE Lagoa Nova), allowing operational advantages and consequently 'contributing to the company's growth plan and its consolidation in the Brazilian transmission sector.'"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.