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Copel Telecomunicações

Sector: Telecommunications • Location: Brazil

Source: World Bank Group

Project
Active

Brazil’s investment fund Bordeaux Fundo de Investimento em Participações Multiestratégia has acquired 100% of the shares of Copel Telecomunicações which is a subsidiary of the energy state-owned company Copel. The fund sponsoring this project was founded in 2016 and has a 10-year tenor, including 7 years for making investments and 3 years for divestments, according to documents from Brazil’s capit

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The project “Copel Telecomunicações” is an infrastructure initiative in the Telecommunications sector, located in Brazil. Taiyo aggregates data on it from World Bank Group.

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Description

Description

Brazil’s investment fund Bordeaux Fundo de Investimento em Participações Multiestratégia has acquired 100% of the shares of Copel Telecomunicações which is a subsidiary of the energy state-owned company Copel. The fund sponsoring this project was founded in 2016 and has a 10-year tenor, including 7 years for making investments and 3 years for divestments, according to documents from Brazil’s capital markets regulator CVM. Total cost of the shares was valued at R2,395,000,000 ($446.3 million), which represented an increase of 71% on the minimum amount established for the auction. That auction involved an upfront fee of BRL50 million (USD9.1 million) alongside an additional BRL80 million (USD14.6 million) commitment. Financial closure was achieved in November 2020. https://valor.globo.com/empresas/noticia/2021/01/15/copel-conclui-venda-da-copel-telecom-para-fundo-bordeaux.ghtml https://ijglobal.com/articles/151233/brazils-bordeaux-fund-buys-copel-telecomunica-es https://www.commsupdate.com/articles/2020/11/10/bordeaux-fund-wins-copel-telecom-auction-with-brl2-395bn-bid/

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High

Data quality score

100%

Source

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