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Brazilian antitrust approves Ufinet sale to Cinven Capital Management

Friday 14 January 2022 | 13:20 CET | News
Brazil's Administrative Council for Economic Defense (Cade) has approved the sale without restrictions of a controlling stake in neutral network operator Ufinet, owned by Enel Group, reports Telesintese. The buyers are European private equity investment company Cinven Capital Management and Abu Dhabi-based investment fund Platinum. After the operation, Cinven will have around 51.5 percent of Ufinet Brasil, Platinum will have about 29 percent, while Enel's stake will be reduced to 19.5 percent.

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Categories: Fixed
Companies: Enel / Ufinet
Countries: Brazil
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