State Grid Corporation completed a major acquisition in Brazil

 1 18, Africa's largest bank assets, Standard Bank (Standard Bank) issued a press release said the bank as the sole financial advisor to help the State Grid Corporation has recently completed a seven transmission companies in Brazil 100 % of the equity acquisition, the transaction amounted to 1.8 billion.

the acquisition of Chinese enterprises in Brazil, one of the largest investment.

Standard Bank said the project's stock purchase agreement was signed in May last year, and in the following months to obtain regulatory approval. End of the transaction late in December 2010 completed.

State Grid Corporation is the world's largest utility companies, in the 2010 magazine

the acquisition of seven companies belonging to Spain before the Cobra, Elecnor, Isolux and Abengoa Group.

as the world's largest utility companies, State Grid Corporation as the leading African banking group Standard Bank focused on global emerging markets, currently the bank business has expanded to 17 countries in the African continent and outside Africa 15 countries, including Brazil, Russia and China, the world's major financial centers. March 2008, ICBC acquired 20% of Standard Bank Group Limited shares, becoming its largest shareholder, the two sides also signed a strategic cooperation agreement. Since then, the Standard Bank in Beijing and Shanghai's investment banking team grow to nearly 60 people, and help Chinese companies and state-owned enterprises in Brazil, Russia and Botswana, Ghana, Nigeria, Zambia and other African countries, completed a series of cross-border transactions .


(This article Source: Network of Finance: Pan Ying)