Brazil's Taesa seeks to raise $955 mln in IPO

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By: Reuters: Company News

Posted on July 03, 2012 at 10:23 AM EDT

July 3 (Reuters) - Transmissora Aliança de Energia Elétrica, a unit of power holding company Cemig, plans to raise up to 1.89 billion reais ($955 million) in an initial public offering as risk aversion eases, increasing the appeal of energy deals in Latin America's largest economy.