Celg Distribuição S.A was acquired by Enel Brasil S.A. in an auction held at BM&FBovespa, nowadays known as B³.
Date
November 30, 2016
Type
M&A Transactions
Subtype
Transaction agreement announced
Subsectors
Power Transmission
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Celg Distribuição S.A was acquired by Enel Brasil S.A. in an auction held at BM&FBovespa, nowadays known as B³.
The offer of shares issued by the company was held in two stages. Firstly, an auction was held for the transferring of CELG-D’s control, with the single lot offer of 142,933,812 ordinary shares, corresponding to 69,085,140 shares from Eletrobras and 73,848,672 shares from CELGPAR, properly paid up, representing approximately 94.8393% of the share capital with voting and total rights of CELG-D.
In addition to the auction, 7,676,127 common shares issued by CELG-D were offered to employees and retirees of the company, representing 10% of the total and voting capital of CELG-D, owned by Eletrobras at the date of the event
The offer of shares issued by the company was held in two stages. Firstly, an auction was held for the transferring of CELG-D’s control, with the single lot offer of 142,933,812 ordinary shares, corresponding to 69,085,140 shares from Eletrobras and 73,848,672 shares from CELGPAR, properly paid up, representing approximately 94.8393% of the share capital with voting and total rights of CELG-D.
In addition to the auction, 7,676,127 common shares issued by CELG-D were offered to employees and retirees of the company, representing 10% of the total and voting capital of CELG-D, owned by Eletrobras at the date of the event
