Table 1. Ownership evolution over the... | Emerald Publishing

Table 1.

Ownership evolution over the 2002–2021 period

Foreigners with change of control in the period				ROA (%)
Company	Country	% Control	Year	Performance year	Performance year after
AES TIETÊ	USA	62	2015	6.4	8.2
CPFL	China	95	2017	2.1	3.0
CPFL RENOVÁVEIS	China	63	2012	1.8	−0.7
CTG	China	100	2013	3.5	4.6
EDF NORTE FLUMINENSE	France	100	2012^a	7.9	6.3
EDP	Portugal	62	2004	3.8	5.3
ENEL BRASIL	Italy	97	2012	14.9	15.2
ESBR	France	60	2010	−0.2	−0.2
STATE GRID	China	100	2015^b	−13.3	10.8
CTEEP	Colombia	89	2005	19.2	13.8
ENEL GREEN POWER	Italy	100	2008^c	−6.3
Foreigners throughout the period				ROA (%)
Company	Country	% Control	Year	Performance year	Performance year after
COELCE	Spain	92	2002	3.4	3.7
ELETROPAULO	USA	78	2002	−7.1	0.7
ENGIE	France	78	2002	−2.8	8.0
PARANAPANEMA	USA	100	2002	−1.6	2.2
TAESA	Italy	100	2002	7.8	6.3

Foreigners with change of control in the period				ROA (%)
Company	Country	% Control	Year	Performance year	Performance year after
AES TIETÊ	USA	62	2015	6.4	8.2
CPFL	China	95	2017	2.1	3.0
CPFL RENOVÁVEIS	China	63	2012	1.8	−0.7
CTG	China	100	2013	3.5	4.6
EDF NORTE FLUMINENSE	France	100	2012^a	7.9	6.3
EDP	Portugal	62	2004	3.8	5.3
ENEL BRASIL	Italy	97	2012	14.9	15.2
ESBR	France	60	2010	−0.2	−0.2
STATE GRID	China	100	2015^b	−13.3	10.8
CTEEP	Colombia	89	2005	19.2	13.8
ENEL GREEN POWER	Italy	100	2008^c	−6.3
Foreigners throughout the period				ROA (%)
Company	Country	% Control	Year	Performance year	Performance year after
COELCE	Spain	92	2002	3.4	3.7
ELETROPAULO	USA	78	2002	−7.1	0.7
ENGIE	France	78	2002	−2.8	8.0
PARANAPANEMA	USA	100	2002	−1.6	2.2
TAESA	Italy	100	2002	7.8	6.3

Notes:

a

acquired in 2004 but data from 2012 only;

b

acquired in 2010 but data from 2015 only;

c

acquired in 2008 but only 2016 data available

Source: Table by authors