VINP - Vinci Partners to divest 50.1% stake in Lest

Vinci Partners Investments (NASDAQ:VINP) has announced divestment of power transmission concessionaire, Linhas de Energia do Sertão Transmissora (Lest). Vinci Infra Transmissão Fundo de Investimento em Participações em Infraestrutura, alongside its co-investment vehicles, the family of funds managed by Vinci Partners' Infrastructure strategy, agreed to sell its 50.1% stake in Lest. The transaction is expected to close until year-end 2021. FIP Infra Transmissão took control of Lest through a public concession auction in 2017. Lest is a special purpose company that explores the concession of public electricity transmission services for the implementation, operation, and maintenance of two transmission line projects in the Northeast region of Brazil. José Guilherme Souza, partner and Head of Infrastructure for Vinci Partners, said, "Our divestment in Lest builds upon the Infrastructure team's extensive track record in power transmission projects, by correctly identifying risks and opportunities in the initial phase of a public auction, together with an

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Vinci Partners to divest 50.1% stake in Lest