By Brazil Stock Guide – Brookfield’s plan to divest its Brazilian electricity transmission assets is moving forward, with State Grid Corp. of China, Isa Brasil and Taesa analyzing the deal, according to Agência Estado. The sale could be valued at R$8 billion to R$10 billion (US$1.45 billion to US$1.8 billion), with binding offers expected in September and closing projected for early 2026.
State Grid is the most advanced in negotiations, according to Agência Estado. The Chinese utility has already invested more than R$30 billion (US$5.5 billion) in Brazil and controls 16,000 kilometers of transmission lines — about 10% of the country’s high-voltage grid. Its portfolio includes ultra-high-voltage lines that transmit power from the Belo Monte dam, and it is developing another 1,468-kilometer project valued at R$18 billion (US$3.3 billion).
Brookfield has already sold part of its transmission assets and is gradually exiting the sector through Quantum Participações, created in 2017 to manage the Fundo Brasil Energia. The fund still owns 3,139 kilometers of transmission lines and 34 substations across the Northeast, Southeast and South.
Brookfield, Isa and Taesa declined to comment, while State Grid didn’t respond to requests, according to Agência Estado.
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