M&A Deal Summary

Verene Energia Acquires Intesa

On November 1, 2023, Verene Energia acquired utilities company Intesa from Equatorial Energia for 108M CAD

Acquisition Highlights
  • This is Verene Energia’s 1st transaction in the Utilities sector.
  • This is Verene Energia’s 0th largest (disclosed) transaction.
  • This is Verene Energia’s 1st transaction in Brazil.

M&A Deal Summary
Date 2023-11-01
Target Intesa
Sector Utilities
Buyer(s) Verene Energia
Sellers(s) Equatorial Energia
Deal Type Divestiture
Deal Value 108M CAD

Target

Intesa

Rio de Janeiro, Brazil
Intesa is a strategic power transmission network spanning 695 kilometres in the states of Tocantins and Goiás, in central Brazil. Intesa was founded in 2005 and is based in Rio de Janeiro, Brazil.

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Buyer(S) 1

Buyer

Verene Energia

Rio de Janeiro, Brazil
Category Company
Sector Utilities
DESCRIPTION

Verene Energia is an investment holding company in the electric power sector. Verene Energia is based in Rio de Janeiro, Brazil.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (Brazil) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Equatorial Energia

Brasília, Brazil
Category Company
Founded 1958
Sector Utilities
Revenue 39.5B BRL (2023)
DESCRIPTION

Equatorial Energia 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 Energia was incorporated in 1958 and is headquartered in Brasília, Brazil.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (Brazil) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
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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