Interconexion Electrica S A : ISA Investimentos e Participações de Brasil S.A. Capitalization
June 13, 2017 at 10:48 am EDT
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ISA Investimentos e Participações do Brasil S.A. was incorporated on January 10, 2017.
Capitalization is USD213 million.
The Shareholders General Meeting of ISA Investimentos e Participações do Brasil S.A. a Brazilian company incorporated on January 10, 2017 and turned into a S.A. on April 27, 2017, whose corporate purpose is the participation as partner or shareholder, in other companies, and consortiums and commercial ventures of any nature - during an extraordinary meeting held on May 25, 2017, approved the increase of its share capital of USD213 million.
This increase in the company´s capital was accomplished by contributions from INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. - ISA (99.9%) and ISA CAPITAL DO BRASIL S.A. (0.1%).
The share capital increase is part of the resources required for the acquisition of Transmissora Alianca de Energia Elétrica S.A. (TAESA)'s control block shares. These shares represent 41.6% of the control block, 26.0% of common shares and 14.9% of TAESA´s total share capital.
ISA - Interconnection Electric SA ESP published this content on 02 June 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 June 2017 14:48:02 UTC.
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Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.
INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. 
