Transmissora Aliança de Energia Elétrica S.A. (BOVESPA:TAEE11) exercised its right in the tender to acquire minority stakes in Brasnorte Transmissora de Energia and Empresa de Transmissão do Alto Uruguai from Eletrobras Participações S.A. - Eletropar (BOVESPA:LIPR3) on January 14, 2019. Taesa will acquire 49.71% stake in Brasnorte Transmissora de Energia and a 23.03% stake in Empresa de Transmissão do Alto Uruguai. Currently, Transmissora Aliança de Energia Elétrica holds 52.58% of Empresa de Transmissão do Alto Uruguai and 38.66% of Brasnorte Transmissora de Energia.

In a related transaction, Cemig acquired a 49% stake in Centroeste. The transaction was approved by Administrative Council for Economic Defense on March 22, 2019. Transmissora Aliança de Energia Elétrica points out that the completion of this transaction is also subject to the fulfillment of other precedent conditions common for this type of transaction.

As of April 29, 2019, Transmissora Aliança de Energia Elétrica S.A. completed the acquisition of 23.03% stake in Empresa de Transmissão do Alto Uruguai S.A. for BRL 32.88 million. As of August 14, 2019, the Board of Directors of Transmissora Aliança de Energia Elétrica S.A. approved the acquisition of Brasnorte Transmissora de Energia S.A..