Abengoa receives USD 320m-equivalent bid from TPG for Brazilian assets
Abengoa [BME:ABG], the Spanish electricity company, has received a BRL 1bn (USD 320.6m) offer from private equity firm TPG Capital for its Brazilian assets, O Estado de Sao Paulo reported, citing one source with knowledge of the situation.
According to the Portuguese-language article, TPG and a consortium formed by electric services company Equatorial Energia [BVMF:EQTL3] and a fund managed by Banco BTG Pactual [BVMF:BPAC5] are the favorite picks for Abengoa's Brazilian assets.
TPG declined to comment, the news report added.