CEMIG’s $178 Million investment in Rio Minas Energia Participações S.A.


TozziniFreire and Stocche Forbes advised on the deal

Companhia Energética de Minas Gerais (CEMIG) executed the acquisition of Banco Santander (Brasil) S.A., BV Financeira S.A. – Crédito, Financiamento e Investimento and BB Banco de Investimento S.A. in Rio Minas Energia Participações S.A. for $178,2 million.

Companhia Energetica de Minas Gerais- CEMIG generates, transmits, and distributes electricity in the Brazilian State of Minas Gerais. The company, led by Bernardo Afonso Salomao De Alvarenga, Luiz Humberto Fernandes and Mauricio Fernandes Jr, in 2017 recorded $5.92 billion revenues.

RME – Rio Minas Energia Participações S.A. was founded in 2006 and is based in Belo Horizonte, Brazil.

TozziniFreire advised Companhia Energética de Minas Gerais (CEMIG) with Mauro E. Guizeline (Picture) and Francisco Eumene Machado de Oliveira Neto.

Stocche Forbes advised Banco Santander (Brasil) S.A., BV Financeira S.A. – Crédito, Financiamento e Investimento and BB Banco de Investimento S.A. with Fabiano Marques Milani, Rana Moraz Müller, Jessica Frisch Rozes Kimelblat, Hugo Bueno Neto and Thaís Gurjão Rodrigues.

Involved fees earner: Hugo Bueno Neto – Stocche Forbes Advogados; Jessica Frisch Rozes Kimelblat – Stocche Forbes Advogados; Thaís Gurjão Rodrigues – Stocche Forbes Advogados; Fabiano Marques Milani – Stocche Forbes Advogados; Rana Moraz – Stocche Forbes Advogados; Francisco Eumene Machado de Oliveira Neto – Tozzini Freire ; Mauro Guizeline – Tozzini Freire ;

Law Firms: Stocche Forbes Advogados; Tozzini Freire ;

Clients: Banco Santander Brazil; BB Banco de Investimentos S.A; BV Financeira S.A. – Crédito, Financiamento e Investimento; Companhia Energética de Minas Gerais S.A.;

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Author: Ambrogio Visconti.