MDU Sells Transmission Lines for $70m

MDU Resources has sold its interest in 3 electrical transmission lines in Brazil to 2 buyers for $70m. The US-based energy and transportation infrastructure company says the buyers, Brazil power companies Cemig and Celesc purchased 84.4% of its interest in the lines, while a third, Alupar, will acquire the rest over the next 4 years. The acquirers are existing partners in the transmission lines.