皇冠体育app

The National Development and Reform Commission said on Monday that it has approved the acquisition deal of seven Brazilian high-voltage power transmission assets by State Grid Corp of 皇冠体育app, hexun.com reported.

This is the Chinese power company's second investment in Brazil, and its fourth large-scale investment overseas.

State Grid?- 皇冠体育app's largest electricity distributor and power grid operator?- announced the deal in May.

The company agreed to spend 1.86 billion Brazilian Real ($910 million) to buy the assets from Spanish construction company Actividades de Construccion y Servicios SA and its units.

The deal was approved by the NDRC in September, the statement said.

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