J&F sells power lines to Taesa R $942 million

The holding company J&F, which belongs to the Baptist brethren, closed the sale of four transmission lines of amber, energy arm of the family, to the company Taesa, controlled by the Isa and the Colombian mining Cemig, according to statement released on Monday evening, 17. The value of the deal was R $942.5 million. The conversations between the J&F and Taesa have resumed in recent weeks. Earlier this year, Taesa, who has his eye on energy assets in Latin America, already had expressed interest in transmission lines of amber, but negotiations were deadlocked. The transaction involves a total of 1.2 kilometers of power transmission lines. Until last year, the Canadian Manager Brookfield had exclusive contract for trading. The Taesa was advised by ABC Bank and the J&F was aided by BTG. The sale of these assets gained momentum last year, when the information of Joesley Batista and Wesley have surfaced. The Amber Group also has power generation business, which includes the integrated design of Cuiabá, Energy with thermoelectric and gas pipelines carrying natural gas from Bolivia, until, in Chiquitos Cuiabá, in Mato Grosso, which were left out of these negotiations. Divestments in addition to the transmission lines of amber, Batista, JBS controller family, sold other major companies to make the box. In July last year, the family negotiated the Alpargatas, owner of the Flip-flops, to a group led by Itaúsa, Itaú investments arm. The Minerva was with the assets of JBS beef in South America. The Group also disbanded the participation which held in Force, which was bought by Mexican Lala. Another deal closed by J&F was selling the pulp company Eldorado, negotiated for the Paper Excellence. According to sources, the family will not give up the JBS, the world's largest meat processor, founded by José Batista Sobrinho, Zé Mineiro. Last month, the meat giant announced that the Executive Gilberto Tomazoni, President of global operations, assumed command of the company. Joe Miner returned to the Presidency of the company that he founded in the years 1950, in September last year, after the arrest of Joesley and Wesley for almost six months.