AES Tietê’s $208 Million acquisition of a majority stake in Alto Sertão II complex


Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga and TozziniFreire have advised on the deal

Renova Energía has agreed to sell a majority stake in its 386.4MW Alto Sertão II complex, to AES. Located in Bahia, it comprises 230 GE 1.68MW turbines.

AES Tietê Energia S.A. generates and distributes electricity in Brazil. The company, led by Italo Tadeu de Carvalho Freitas Filho, Charles Lenzi and Ricardo de Abreu Sampaio Cyrino, is a former subsidiary of The AES Corporation.

Renova Energia S.A. engages in the development, implementation, and operation of projects for generation of energy from renewable sources; and sale of power and related activities in Brazil.

The company, led by Carlos Figueiredo Santos, Ricardo Lopes Delneri, Renato do Amaral Figueiredo, Cristiano Corrêa de Barros and Fernando Chein Muniz, is based in Sao Paulo.

Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga has advised AES Tietê with Hiram Bandeira Pagano Filho (Picture) Fabiano Ricardo Luz de Brito, Bárbara Mendes Carnevalli, Bruno Paccola Moreira Fernandes and Ana Carolina Katlauskas Calil.

TozziniFreire has advised Renova Energia with Francisco de Oliveira Neto and Fernão Henrique de Castro.

Involved fees earner: Francisco Eumene Machado de Oliveira Neto – Tozzini Freire ; Fernao Henrique Pio Rocha Moura de Castro – Tozzini Freire ; Hiram Bandeira Pagano Filho – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Fabiano Ricardo Luz de Brito – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bárbara Mendes Carnevalli – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Bruno Paccola Moreira Fernandes – Mattos Filho Veiga Filho Marrey Jr & Quiroga; Ana Carolina Katlauskas Calil – Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Law Firms: Tozzini Freire ; Mattos Filho Veiga Filho Marrey Jr & Quiroga;

Clients: Renova Energia SA; AES Tietê Energia S.A.;

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Author: Ambrogio Visconti.