Reuters: Bankruptcy News: STXNEWS LATAM-Brazil's Celpa sees bids from GP, Equatorial

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STXNEWS LATAM-Brazil's Celpa sees bids from GP, Equatorial Jun 5th 2012, 22:06 Tue Jun 5, 2012 6:06pm EDT 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.

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