[에너지신문] 20 June 2016 -CPFL Energia, Brazil's largest private electricity group, has reached an agreement with US energy group AES to acquire AES Sul, an electricity distribution company for a total of R$1.7bn (US$486m).
AES Sul is a concessionaire that operates in 118 cities of the metropolitan regions of Porto Alegre and midwest of Rio Grande do Sul state (southern Brazil), providing power to 1.3 million customers, corresponding to a total consumption of 8.8 TWh in 2015 (44% of which sold to residential and commercial customers). With this acquisition, CPFL Energia will expand its presence in the energy distribution segment in Brazil; it already has a 13% market share on the national distribution market, supplying power to 7.8 million customers in 571 municipalities in the states of São Paulo, Rio Grande do Sul, Parana and Minas Gerais through eight distribution company. With the purchase of AES Sul, its market share in this market will reach 14.3%, providing energy to 382 of the 497 municipalities of Rio Grande do Sul.
The transaction will require the approval of the national electricity regulator Aneel and the Administrative Council for Economic Defense (Cade).