Friday, July 20, 2007

Petrobras Sells 50 Percent Stake in Argentine Power Utility to Government

(Bloomberg) -- Petroleo Brasileiro SA, Brazil's
state-owned energy company, sold a stake in an Argentine power
utility to government-owned energy companies.

Petrobras sold its 50 percent stake in Transener SA for $54
million to a group formed by Argentine state-energy company
Enarsa and Cordoba-based power unit Electroingenieria, the
Brazilian company said today in an e-mailed statement.


Read more at Bloomberg Emerging Markets News

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