The National Development and Reform Commission said on Monday that it has approved the acquisition deal of seven Brazilian high-voltage power transmission assets by State Grid Corp of China, hexun.com reported.
This is the Chinese power company's second investment in Brazil, and its fourth large-scale investment overseas.
State Grid - China's largest electricity distributor and power grid operator - announced the deal in May.
The company agreed to spend 1.86 billion Brazilian Real ($910 million) to buy the assets from Spanish construction company Actividades de Construccion y Servicios SA and its units.
The deal was approved by the NDRC in September, the statement said.
huangying@chinadaily.com.cn
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 130349 
