YTL buys 33 percent of Electranet

The stake purchase in ElectraNet from investment bank Macquarie Bank Ltd also marks YTL Power’s maiden venture into the transmission business.

HOUSTON, Oct. 24, 2000 (PRNewswire) – Reliant Energy (NYSE: REI) announced today that it has signed agreements to transfer its interests in electricity distribution and generation companies in Colombia to Union Fenosa Desarrollo y Accion Exterior, S.A. of Spain.

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