{"id":18875,"date":"2017-10-06T00:00:00","date_gmt":"2017-10-06T00:00:00","guid":{"rendered":"https:\/\/web-isa.azurewebsites.net\/press\/isa-cteep-formalized-ienne-acquisition-in-brazil\/"},"modified":"2021-01-22T23:20:59","modified_gmt":"2021-01-22T23:20:59","slug":"isa-cteep-formalized-ienne-acquisition-in-brazil","status":"publish","type":"press","link":"https:\/\/isa.co\/en\/press\/isa-cteep-formalized-ienne-acquisition-in-brazil\/","title":{"rendered":"ISA CTEEP formalized IENNE acquisition in Brazil"},"content":{"rendered":"<p>The acquisition process for all the IENNE stake ended. CTEEP, ISA&#8217;s affiliate, had 25% of such stake.<br \/>\nThis transaction which strengthens ISA Group\u2019s presence in Brazil was for BRL 101 million.<br \/>\nISA CTEEP, affiliate of ISA in Brazil, finished the total acquisition of the stake that ISOLUX and CYMI had in Interliga\u00e7\u00e3o El\u00e9trica Norte e Nordeste S.A. (IENNE). Therefore, this ISA&#8217;s affiliate has 100% of the company (327,284,000 ordinary shares). This transaction will represent BRL40.9 million annual revenues for ISA CTEEP.<\/p>\n<p>According to ISA&#8217;s CEO, Bernardo Vargas Gibsone &#8220;this acquisition strengthens ISA&#8217;s position in Brazil, especially at the Northeast, and it also ratifies our interest in continuing exploring profitable growth opportunities in this country.&#8221;<\/p>\n<p>About IENNE<\/p>\n<p>IENNE is a public service concessionaire for the transmission of energy, created in ANEEL call for bids on November 07, 2007. it started its commercial operation in 2011 with the objective of integrating the National Interconnected System (SIN) and increasing the energy interconnection capacity between the North and the Northeast regions of Brazil. The concessionaire is comprised by two 500 kV transmission lines which together represent 720 kilometers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The acquisition process for all the IENNE stake ended. CTEEP, ISA&#8217;s affiliate, had 25% of such stake. This transaction which strengthens ISA Group\u2019s presence in Brazil was for BRL 101 million. ISA CTEEP, affiliate of ISA in Brazil, finished the total acquisition of the stake that ISOLUX and CYMI had in Interliga\u00e7\u00e3o El\u00e9trica Norte e [&hellip;]<\/p>\n","protected":false},"featured_media":15505,"template":"","categories":[246],"class_list":["post-18875","press","type-press","status-publish","has-post-thumbnail","hentry","category-business"],"acf":[],"yoast_head":"<title>ISA CTEEP formalized IENNE acquisition in Brazil - ISA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isa.co\/en\/press\/isa-cteep-formalized-ienne-acquisition-in-brazil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ISA CTEEP formalized IENNE acquisition in Brazil - ISA\" \/>\n<meta property=\"og:description\" content=\"The acquisition process for all the IENNE stake ended. CTEEP, ISA&#8217;s affiliate, had 25% of such stake. This transaction which strengthens ISA Group\u2019s presence in Brazil was for BRL 101 million. ISA CTEEP, affiliate of ISA in Brazil, finished the total acquisition of the stake that ISOLUX and CYMI had in Interliga\u00e7\u00e3o El\u00e9trica Norte e [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/isa.co\/en\/press\/isa-cteep-formalized-ienne-acquisition-in-brazil\/\" \/>\n<meta property=\"og:site_name\" content=\"ISA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ISAConexiones\/\" \/>\n<meta property=\"article:modified_time\" content=\"2021-01-22T23:20:59+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/isa.co\/wp-content\/uploads\/2021\/01\/isa-cteep-19.12.2019.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1806\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@ISAConexiones\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/isa.co\\\/en\\\/press\\\/isa-cteep-formalized-ienne-acquisition-in-brazil\\\/\",\"url\":\"https:\\\/\\\/isa.co\\\/en\\\/press\\\/isa-cteep-formalized-ienne-acquisition-in-brazil\\\/\",\"name\":\"ISA CTEEP formalized IENNE acquisition in Brazil - 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