State Grid stars in largest acquisition of power transmission assets outside the PRC

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    China's State Grid International Development (State Grid) has acquired seven power transmission projects in Brazil from four Spanish engineering, procurement…

    China's State Grid International Development (State Grid) has acquired seven power transmission projects in Brazil from four Spanish engineering, procurement and construction (EPC) companies for US$1.8 billion.

    This is the largest completed Chinese investment in Brazil to date, the largest Chinese acquisition of power transmission assets outside China and the first time a Chinese company has acquired complete control of a foreign electricity grid asset.

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