Itau’s R$855 Million Investment in AES Tietê

Pinheiro Guimarães advised Itaú Unibanco, while Lefosse Advogados advised AES Tietê Energia and its subsidiaries on the deal.

Guaimbê Solar Holding S.A., member of AES Tietê Group, completed the issuance of preferred shares, in the total amount of R$855.000.000,00, subscribed and paid-in by Itaú Unibanco S.A., representing 19,90% of Guaimbê Solar Holding S.A.’s capital stock. Itaú Unibanco S.A. acted as investor in connection with the transaction.
 
Upon closing, Itaú will enter into a shareholders’ agreement to regulate the relationship between AES Tietê and Itaú, as shareholders of Guaimbê Solar Holding S.A. and a Maintenance and Operating Agreement will be executed by AES Tietê Energia S.A., and Guaimbê Solar Holding S.A. and Nova Energia Holding S.A.
 
The transaction required negotiation with other stakeholders such as debentures holders, as well as a corporate reorganization of Guaimbê Solar Holding S.A. and Nova Energia Holding S.A. The transaction will enable the development of the operation, by Guaimbê Solar Holding S.A., of the Wind Complex Alto Sertão II in Bahia and the Solar Complex Guaimbê in São Paulo.
 
Pinheiro Guimarães advised Itaú Unibanco S.A. with a team led by partners Sergio Ramos Yoshino (Picture), Francisco J. Pinheiro Guimarães and Andre Sigelmann, and associates Bernardo Romano Teixeira and Antonio Bernardo Cabral M. Cheskis.
 
Lefosse Advogados advised AES Tietê Energia S.A. and its subsidiaries Guaimbê Solar Holding S.A. and Nova Energia Holding S.A., with a team led by partners Christiano Rehder and Fernando Rodrigues and associate Victor Cogliati Boccardo.

Involved fees earner: Marília Avila – Lefosse; Victor Boccardo – Lefosse; Ana Carolina Delamare – Lefosse; Luisa Leite – Lefosse; Christiano Rehder – Lefosse; Fernando Rodrigues – Lefosse; Antonio Bernardo Cabral Marques Cheskis – Pinheiro Guimarães; Francisco Pinheiro Guimarães – Pinheiro Guimarães; Sergio Ramos Yoshino – Pinheiro Guimarães; Bernardo Romano Teixeira – Pinheiro Guimarães; André Sigelmann – Pinheiro Guimarães;

Law Firms: Lefosse; Pinheiro Guimarães;

Clients: AES Tietê Energia S.A.; Guaimbê Solar Holding; Itaù Unibanco; Nova Energia Holding;