Argentinian awakening

Article Abstract:

Argentinian transmission group Transener has acquired a controlling stake in second-largest transmission company Transba for $220 million. Separately, an 8.33% stake in Aerolineas Argentinas has been acquired for $300 million by American Airlines. Meanwhile, five groups, namely Germany's Hochtief, Spain's Aeropuertos Espanoles y Navegacion Area, Italy's Societa Esercizi Aeroportuali, Aeroportui di Roma and Ogden, and Corporacion America have bought bidding documents for Argentinia's 36 airports.

Electric Utilities, National, Management, Argentina, Airports, Privatization, Privatization (Business), National electric utilities, transba, Transener

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Brazil power generates investor interest

Article Abstract:

A purchasing group in Brazil has acquired a 65.64% stake in Bahia state electricity utility Companhia de Electricidade de Bahia for $1.59 billion. The consortium, led by Spain's Iberdrola and including the Previ pension fund, will invest $459.7 million in the company to 2002. Meanwhile, a 14.65% stake in Espirito Santo state utility Escelsa has been sold by holding company Eletrobras for $140.3 million.

Electric Utilities, Municipal & Regional, Brazil, Iberdrola S.A., Municipal electric utilities, Companhia de Electricidade de Bahia

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