Eletrobras completes privatization of Cepisa to Equatorial Energia
Equatorial Energia has completed the acquisition of the Piauí Energy Company (Cepisa) in the first auction of privatization of distributors controlled by Eletrobras, held at the headquarters of B3 (formerly BM & F Bovespa) in São Paulo.
The auction of Cepisa was treated by the government as the key to giving a positive signal to the market and shareholders of Eletrobras. Equatorial Energia was the only one bidding at the auction.
The CEPISA was established in 1962, when it was called Centrais Elétricas do Piauí S.A. The concessionaire is responsible for serving 224 municipalities in a physical area covering the entire state of Piauí. The company has 1.17 million consumers.
Country updates
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July 23, 2018
Brazil's CADE approves Brasil Energia's buyout of Engie Geracao Solar Distribuida
Brazil's Administrative Council for Economic Defense (CADE) has approved the buyout of Engie Brasil Energia, a unit of Engie, of the remaining 50% stakes it does not own in Engie Geracao...
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July 17, 2018
Eletropar sold its Eletropaulo stake for USD25 million
Eletrobras Participacoes SA also known as Eletropar has divested its stake in Brazilian power distributor, Eletropaulo. The transaction cost has amounted to BRL95.37 million (US$ 24.7...
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July 16, 2018
Enel completes additional stakes acquisition in Eletropaulo
Enel has completed the acquisition of an additional 5.5% stakes in Brazilian power distributor Eletropaulo. The company has bought 9.28 million shares from minority stockholders wh...
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July 10, 2018
Nordex has won a contract to supply and build and erect the turbines for the wind project
Nordex has won a contract to supply and build and erect the turbines for the wind project. Installation work will start in October 2019 and the company is to service the machines for at least two years after project completion
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July 09, 2018
Brazil has allowed the project to enter the national Incentive Regime for Infrastructure Development (REIDI) and issue infrastructure debentures
