M&A Deal Summary |
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|---|---|
| Date | 2023-11-01 |
| Target | Intesa |
| Sector | Utilities |
| Buyer(s) | Verene Energia |
| Sellers(s) | Equatorial |
| Deal Type | Divestiture |
| Deal Value | 108M CAD |
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Verene Energia is an investment holding company in the electric power sector. Verene Energia was formed in 2022 and is based in Rio de Janeiro, Brazil.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Brazil M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
Equatorial is a holding company operating in the Brazilian electricity sector in the following segments: Distribution, through Equatorial Maranhão, Equatorial Pará, Equatorial Piauí, Equatorial Alagoas, CEEE-D and CEA, Transmission, with 8 projects 100% completed and Intesa, an operational line that crosses the States of Tocantins and Goiás, Sanitation, through the Amapá Sanitation Company, Distributed Generation, through E-nova, Marketing, through Helios, and Services, through Equatorial Serviços. Equatorial was incorporated in 1958 and is headquartered in Brasília, Brazil.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Utilities M&A | 1 of 1 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: Brazil M&A | 1 of 1 |
| Year: 2023 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-04 |
Echoenergia
São Paulo, Brazil Echoenergia is a company that develops, implements, and operates projects to generate electricity from renewable sources. Echoenergia was founded in 2017 and is based in São Paulo, Brazil. |
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