EDP Brazil signs agreement for the acquisition of Eneva's stake in Pecem plant
EDP Brasil, EDP Group's subsidiary for the Brazilian electricity market, announced today that has signed a Stock Purchase Agreement with Eneva S.A., aiming to acquire 50% of the total and voting capital of Porto do Pecém held by Eneva, including Intercompany loans and Coal and Energy Credits.
Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") is providing the following information to the market:
EDP – Energias do Brasil ("EDP Brasil"), EDP Group's subsidiary for the Brazilian electricity market, listed in São Paulo Stock Exchange and 51.0% owned by EDP, announced today that, on this date, has signed a Stock Purchase Agreement with Eneva S.A. ("Eneva"), aiming to acquire 50% of the total and voting capital of Porto do Pecém Geração de Energia S.A. ("Porto do Pecém") held by Eneva, including Intercompany loans and Coal and Energy Credits ("Transaction"). Porto do Pecém is a 50%/50% partnership between EDP Brasil and Eneva that operates and maintains a thermo power plant UTE Pecém I.
The purchase price to be paid by EDP Brasil to Eneva, regarding the Transaction, will be the total amount of R$300 million, and shall be paid at closing. Additionally, the conclusion of the Transaction is subject to prior approval by National Bank for Economic and Social Development - BNDES, Inter-American Development Bank – IDB and other measures of corporate and contractual nature necessary to the effectiveness of the transfer of the capital stock above mentioned.
EDP – Energias de Portugal, S.A.
Download
