Energisa’s $18.1 Million Acquisition of SPE Paranaíta

Energisa's $18.1 Million Acquisition of SPE Paranaíta

Dias Carneiro advised Energisa on the transaction.

Energisa and its subsidiary Energisa Transmissão de Energia SA (ETE) executed acquisition of 100% of the total shares of Geogroup Paranaíta Transmissora de Energia SPE S.A. (SPE Paranaíta) for BRL 100.7 million.

SPE Paranaíta has an annual allowable revenue ( RAP) of BRL 10,908,743.94, not having short and long-term debt. It owns a substation of 500/138 kV, 150 MVA located on the border between the states of Mato Grosso and Pará that connects to Energisa Mato Grosso Distribuidora de Energia.

With this acquisition, the Company now has a portfolio of seven transmission projects, further expanding its operations in the industry and attesting to its commitment to improve the infrastructure of the electricity sector in Brazil.

Dias Carneiro advised Energisa with Paula Seabra Carvalho Reis (Picture), Tathiana Luz, Arthur Diniz  and Marina Coelho de Camargo Penteado.

Involved fees earner: Arthur Diniz – Dias Carneiro Advogados; Tathiana Martini Quercetti Moreira Luz – Dias Carneiro Advogados; Paula Seabra Carvalho Reis – Dias Carneiro Advogados;

Law Firms: Dias Carneiro Advogados;

Clients: Energisa S.A.;

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Author: Ambrogio Visconti