Through ISA CTEEP, ISA’s affiliate in Brazil, the Group has signed an agreement to acquire 100% of the shares of Piratininga-Bandeirantes Transmissora de Energia (PBTE).
The company’s EBITDA margin is above 90%.
With this acquisition, the ISA Group reaffirms its relevant position in the state of São Paulo.

ISA CTEEP signed an agreement to acquire 100% of the shares of Piratininga- Bandeirantes Transmissora de Energia (PBTE) through the purchase of the shares previously owned by SF Energía S.A. (93%) and Kavom Energía (7%) . The price of each share is R$ 1.593 million, which is equivalent to approximately COP 1,1 trillion according to the exchange rate of November 23, 2020. PBTE owns a 30 kilometer (15 kilometers of double circuit) underground transmission line that connects two ISA CTEEP’s substations in the city of São Paulo. This concession was awarded by the Agência Nacional de Energia Elétrica (ANEEL) in a public tender held in 2016.

The completion of this transaction is subject to the terms and conditions inherent to this type of business, including the authorization by Brazilian government entities such as the Conselho Administrativo de Defesa da Concorrência (CADE) and the ANEEL, among others.

“This acquisition will increase ISA CTEEP’s total revenues by 4%. It also has potential for operative synergies in the short term thanks to its strategic location, which connects two substations that belong to our affiliate. Brazil offers great opportunities that we always evaluate in detail before making investment decisions, so we always look for a good risk-return balance. We are committed to helping improve the quality of life and development of the Brazilian people,” Bernardo Vargas said.

The ISA Group transports about 33% of the energy produced in the country, 60% of the energy consumed in the Southeast Region, and 94% of the energy consumed in the State of São Paulo. The ISA Group operates in 17 of the 26 states, with transmission lines covering more than 18.000 km.