Reuters: Bankruptcy News: Brazil's Equatorial Energia to buy power distributor Celpa

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Brazil's Equatorial Energia to buy power distributor Celpa Sep 25th 2012, 18:49 SAO PAULO, Sept 25 | Tue Sep 25, 2012 2:49pm EDT SAO PAULO, Sept 25 (Reuters) - Brazilian utility Equatorial Energia agreed to purchase bankrupt Brazilian power distributor Celpa, according to a securities filing on Tuesday. Equatorial purchased the firm from parent company Grupo Rede Energia for 1 real, receiving 39.1 million shares of Celpa in exchange, according to the filing.

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