Brazil, May 21 -- Cobra IS, a subsidiary of VINCI, announces the sale of its 50% stake in the Brazilian company Mantiqueira Transmissora, holder of the public-private partnership (PPP) for the high-voltage line of the same name. The purchaser is the Canadian infrastructure fund Brookfield, which will increase its ownership in the company to 100%. The amount of the sale amounts to approximately €130 million. The 1,200 km long line has 18 substations and crosses 50 municipalities in the State of Minas Gerais. It was awarded to Cobra IS following a public auction in 2016 and then commissioned in 2022, in compliance with contractual deadlines and standards despite Covid-19 related constraints. At the peak of the construction, this site em...