State Grid Corporation of China (SGCC)’s $ 934.5 Million Take over bid on CPFL Energias Renováveis S.A.


Cescon Cescon, Barrieu, Flesch & Barreto, Veirano Advogados, BMA – Barbosa, Müssnich, Aragão advised on the deal

State Grid Corporation of China (SGCC), executed its $934.5 million take over bid on remaining 48.4% of CPFL Energias Renováveis S.A. ordinary shares.

Banco Santander (Brasil) S.A. and Bank of America Merrill Lynch acted as coordinators on the transaction.

CPFL Energias Renovaveis SA operates as a renewable energy company. The Company, led by Fernando Mano Da Silva, in 2017 recoreded $522 Million Revenues.

State Grid China Co., Ltd. constructs and operates power grids in China. The company provides power to approximately 1.1 billion people in 26 provinces, autonomous regions, and municipalities. The company also owns and operates assets in the Philippines, Brazil, Portugal, Australia and Italy.

Cescon Cescon, Barrieu, Flesch & Barreto advised State Grid Corporation of China with Joaquim Oliveira (Picture), Carlos Augusto Junqueira, Thenard Figueiredo and Luciana Mares.

Veirano advised State Grid Corporation of China with Alberto Bragança, Carlos Lobo, Lior Pinsky, Julio Dubeux. Asociados Vitor Rozenthal, Pedro Salgueiro Figueiredo and Bianca Figueiredo.

BMA – Barbosa, Müssnich, Aragão advised State Grid Corporation of China with Paulo Cezar Aragão, Carlos Frederico Lucchetti Bingemer, Rodolfo Constantino de Tella, Felipe Guimarães Rosa Bon, Alexandre Roscoe Lindenberg and Bruno Massena Cerqueira Costa.

Involved fees earner: Joaquim José Aceturi de Oliveira – Cescon, Barrieu, Flesch & Barreto; Carlos Augusto Junqueira de Siqueira – Cescon, Barrieu, Flesch & Barreto; Thenard Antunes Figueiredo – Cescon, Barrieu, Flesch & Barreto; Luciana de Castro Mares Torres – Cescon, Barrieu, Flesch & Barreto; Paulo Cezar Aragão – Barbosa, Müssnich & Aragào; Carlos Frederico Lucchetti Bingemer – Barbosa, Müssnich & Aragào; Rodolfo Constantino de Tella – Barbosa, Müssnich & Aragào; Felipe Guimarães Rosa Bon – Barbosa, Müssnich & Aragào; Alexandre Roscoe Lindenberg – Barbosa, Müssnich & Aragào; Bruno Massena – Barbosa, Müssnich & Aragào; Alberto de Orleans e Bragança – Veirano Advogados; Carlos Lobo – Veirano Advogados; Lior Pinsky – Veirano Advogados; Julio Dubeux – Veirano Advogados; Vitor Rozenthal – Veirano Advogados; Pedro Salgueiro Figueiredo – Veirano Advogados;

Law Firms: Cescon, Barrieu, Flesch & Barreto; Barbosa, Müssnich & Aragào; Veirano Advogados;

Clients: State Grid Corporation of China (SGCC);