Electricity utility for Sao Paulo

"(In 1998) Enron acquired a controlling interest in Elektro Eletricidade e Serviços S.A., Brazil's sixth largest electricity distributor. The company serves approximately 1.5 million customers in the state of São Paulo through 82,000 kilometers (51,000 miles) of distribution lines. Elektro serves a high demand growth area and is one of Latin America's most efficient power distributors. This acquisition is an essential component of Enron's energy strategy for the Southern Cone and complements the company's integrated energy business in Brazil".

90% of the shares were sold

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