Petrobras

Brookfield sees very large appreciation of assets in Brazil in 5 to 10 years

RIO – The assets that Brookfield acquired in Brazil, such as the Nova Transmissora do Sudeste (NTS), or in other investments in the country, such as new transmission lines, should have a “very large” appreciation in five to ten years, according to the company’s head of operations in Latin America and executive director of Brookfield Brazil, Luis Ildefonso Simões.

“We bet that in the next five to ten years, these assets we are building, such as transmission lines, or acquiring, such as gas pipelines or highways, can have very great appreciation of value, by the timing and exchange rate, said the executive, during a seminar on revaluation of Brazil risk, promoted by the Getúlio Vargas Foundation in partnership with Valor.

He recalled that in the last three years, the Canadian fund has invested US $ 7 billion in Brazil. “It was $ 7 billion in equity. We did not bring a penny of debt. We still unlevered $ 1.5 billion in investments we had, “

Categories: Petrobras

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