(Image: Reproduction)
THE Equatorial (EQTL3) announced on Friday (4) the sale of its electrical transmission unit to the Canadian CDPq. The operation assigns a value of up to R $ 9.4 billion to the negotiated assets.
According to the relevant fact, the negotiation includes 100% of the shares of Equatorial Transmission SA, a company that manages seven transmission lines.
The asset value of the assets was estimated at up to R $ 5.19 billion, based on the closing of the first half. The debt associated with transmission assets totaled R $ 2.86 billion at the end of 2024.
“With the completion of the operation, the equatorial will no longer stop any direct and/or indirect participation in the equatorial transmission and transmitters, whose assets were purchased in auctions of 2016 and 2017, and form a representative and high quality portfolio and profitability in the sector,” said the company.
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Since purchasing Sabesp last year with a $ 7 billion bid, the equatorial mentioned that it was evaluating options to readjust its portfolio, including the sale of mature assets.
The agreement with CDPq enables the continuity of the capital structure improvement strategy, as well as making room for the implementation of new initiatives.
The equatorial also informed that the resources obtained with the sale may be directed both to accelerate the reduction of indebtedness and to explore new growth opportunities, as well as the possibility of distributing earnings to shareholders, as dividends and interest on equity.
Source: Moneytimes
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