Transmissora Aliança de Energia Elétrica S.A. agreed to acquire the remaining 11.63% stake in Brasnorte Transmissora de Energia S.A. from Bipar Energía S.A. for BRL 17.7 million.

Transmissora Aliança de Energia Elétrica S.A. (BOVESPA:TAEE11) agreed to acquire the remaining 11.63% stake in Brasnorte Transmissora de Energia S.A. from Bipar Energía S.A. for BRL 17.7 million on August 14, 2019. Upon completion of the transaction, Transmissora Aliança de Energia Elétrica S.A. will change its ownership interest from 88.37% to 100%. Board of Directors and shareholders of Transmissora Aliança de Energia Elétrica S.A. approved the transaction.