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STXNEWS LATAM-Brazil's Celpa sees bids from GP, Equatorial
June 5, 2012 / 10:07 PM / 5 years ago

STXNEWS LATAM-Brazil's Celpa sees bids from GP, Equatorial

Equatorial Energia, a Brazilian power holding company, and private-equity fund GP Investiments expressed interest in buying all or part of debt-laden power distributor Celpa, according to a securities filing on Tuesday.

Celpa, a unit of power company Rede Energia serving the northern state of Pará, filed for bankruptcy protection in February, citing a deterioration in its finances. The company presented a debt restructuring plan last month to a court in that state to win Celpa more time to pay its debt. (Reporting by Fabio Couto)

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