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Machado Meyer counsels Sterlite on Brazil transmission line sale

  • News
  • 22 April 2020
  • 222
  • 1 minute read

Brazilian law firm Machadao Meyer has acted as counsel to the Brazilian subsidiary of Indian company Sterlite Technologies on its sale of a power transmission line concession to Engie Brasil. 

Diana Henne of Machado MeyerThe deal was valued at 410 million reais ($108 million). 

The deal hands Engie the entire stake in Sterlite Novo Estado Energia, which holds a concession to build 1,800km of transmission lines in the northern states of Pará and Tocantins.

Machador Meyer’s team comprised partners Diana Henne (pictured), José Prado and Paulo De Tarso Do Carmo Machado. 

adam.critchley@iberianlegalgroup.com

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