Bahia Geração de Energia’s $494.8 Million Acquisition of CEB Distribuição


Machado Meyer advised on the transaction

Neoenergia, through its subsidiary Bahia Geração de Energia, was the winner of the auction for the privatisation of CEB Distribuição with an offer amounting to R$2.515 trillion ($494.8 million) for 100% of the company.

CEB Distribuição is the electricity distributor for the Federal District of Brazils’s capital, Brasilia, and supplies electricity to a population of 3 million. In 2019, the company had 1.1 million consumers and supplied a total of 6,577GWh.

Machado Meyer advised Neoenergia S.A. with Ivandro Maciel Sanchez Junior (Picture), Joao Vitor Luke Reis, Laura Garcia De Freitas Souza, Andrea Melo Fialho, Gabriel Leao Vazami, José Carlos Altomari Teixeira, Larissa Carvalho Gersanti, Luisa Andrade Costa E Silva Rodrigues and Maia Alexia Martinovich.

Involved fees earner: José Carlos Altomari Teixeira – Machado Meyer Advogados; Luisa Andrade Costa e Silva Rodrigues – Machado Meyer Advogados; Larissa Carvalho Gersanti – Machado Meyer Advogados; Maia Alexia Martinovich – Machado Meyer Advogados; Andrea Melo Fialho – Machado Meyer Advogados; João Reis – Machado Meyer Advogados; Ivandro Maciel Sanchez Junior – Machado Meyer Advogados; Laura Souza – Machado Meyer Advogados; Gabriel Vazami – Machado Meyer Advogados;

Law Firms: Machado Meyer Advogados;

Clients: Neoenergia S.A.;

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Author: Ambrogio Visconti.