Brazil approves Energisa's acquisition of Alsol
Date
June 06, 2019
Type
M&A Transactions
Subtype
Transaction agreement announced
Countries
Brazil
Subsectors
Photovoltaic
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Brazil's Administrative Council for Economic Defense (Cade) has approved, without restrictions, the acquisition of Alsol Energias Renovaveis SA by Energisa SA from Algar SA Empreendimentos e Participacoes and Gustavo Malagoli Buiatti.
Alsol Energias Renováveis S/A engages in the installation and maintenance of photovoltaic systems connected to the grid for residential and commercial customers in Brazil.
Energisa is buying an 87% controlling stake in Alsol for an amount of BRL11.7 million (US$2.9 million).
