Red Eléctrica and Grupo Energía Bogotá jointly acquire Argo Energía in Brazil

Grupo Red Eléctrica and Grupo Energía Bogotá agreed to jointly acquire 100% of Argo Energía, a Brazilian high-voltage transmission company, for a EUR 382 million investment by Red Eléctrica. The deal includes three 30-year concession contracts covering 1,460 km of high-voltage circuits and 11 substations.

“With the acquisition of 50% of Argo Energía, the Red Eléctrica Group starts up its activity in Brazil, the main market in the Latin American electricity transmission sector.”ree.es

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• ree.esGrupo Red Eléctrica and Grupo Energía Bogotá jointly acquire Argo Energía to help boost the development of electricity networks in Brazil's electricity grid | Red EléctricaRedeiaNov 22, 2019

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