On 4 July 2017, the Project Company's ultimate parent company, Isolux Corsan, filed for bankruptcy in its home country, Spain. This triggered the sale of some of its subsidiary companies around the world. Isolux Corsan, at the time of writing this case study, had retained some Brazilian subsidiaries which are still in operation.
The Project Company, Linhas de Xingu Transmissora de Energia Ltda., which is an indirect subsidiary of Isolux Corsan, is a Brazilian company set up in order to qualify for Brazilian transmission contracts which requires it to operate exclusively in electricity transmission. The sell-off of Isolux Corsan's subsidiaries is still underway and so it is likely a change of ownership of the Project Company will occur at some stage.