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 partners Paula Seabra Carvalho Reis (Picture), Joyce Alves, associates Tathiana Luz, Arthur Diniz, Marina Coelho de Camargo Penteado, and Gabriella André Marques Pereira.

Energisa’s In-house counsel included João Paulo Moraes e Paes de Barros e Guilherme Fiuza Muniz.

Geogroup Paranaíta’s In-house counsel was Carlos Augusto Garret.

Involved fees earner: Arthur Diniz – Dias Carneiro Advogados; Gabriella André Marques Pereira – Dias Carneiro Advogados; Tathiana Martini Quercetti Moreira Luz – Dias Carneiro Advogados; Joyce Alves – Dias Carneiro Advogados; Paula Seabra Carvalho Reis – Dias Carneiro Advogados;

Law Firms: Dias Carneiro Advogados;

Clients: Energisa S.A.; Geogroup Paranaíta;

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Author: Ambrogio Visconti