Equatorial Increases Cash Reserves with Sale of Transmission Subsidiary

Brazil’s Equatorial Energia (EQTL3) bolstered its cash reserves by selling its stake in Equatorial Transmissora 7 SPE. This sale, part of its strategy to invest R$ 6.9 billion ($1.27 billion) in Sabesp (SBSP3), aims to enhance financial flexibility. Equatorial Transmissão announced the transaction on Tuesday, involving Infraestrutura Energia, a Canadian fund manager CDPQ’s portfolio company. […]