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Transmissora Alianca de Energia Eletrica SA (TAEE11.SA)

TAEE11.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Brazil's J&F sells power transmission lines for $242 million

SAO PAULO, Dec 18 J&F Investimentos SA, the holding company controlled by the Batista family which also owns meatpacker JBS SA, has agreed to sell its transmission lines for 942.5 million reais ($243 million) to Transmissora Aliança de Energia Elétrica S.A. (Taesa), the company said in a statement.