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247 – The Government of the State of São Paulo issued Saturday (7) the announcement of the sale of the majority stake of Companhia Energética de São Paulo (Cesp) . Cesp is a public company, a public service concessionaire for the production of electricity in the state. With the initiative of the governor Márcio França, PSB, 40% of the shares of the generator will pbad into the hands of the capitalists, with the complete privatization of the company. The stipulated price has been lowered compared to the previous three attempts of privatization, and other benefits are offered to people interested in the acquisition of public badets. The devaluation of the real against the dollar has made the price – $ 14.30 per share – a boon for international groups.
After three unsuccessful attempts, the São Paulo state government marked for October 2 the privatization auction, in a single batch. The minimum price of R $ 14.30 is lower than the R $ 16.80 stipulated in the last bid, last August – which estimates the company at about R $ 4.7 billion, according to the opinion . The recent devaluation of the real against the dollar has further reduced the business to foreign groups. In August of last year, the dollar was quoted at home of R $ 3.15, against the current level of R $ 3.90.
According to experts from the power sector, in addition to the lowest price, the terms of sale are also more attractive to investors as they predict that the parent company of the factory, Primavera Primavera, will have a new contract of concession valid until 2048. Last year, the government tried to sell Cesp only with the current hydroelectric contract, The factory owns the largest dam in Brazil, with an installed capacity of 1,540 megawatts (MW).
The company operates a total of three hydroelectric plants: Jaguari, Paraibuna and Porto Primavera. Together, they account for 1,654.6 MW of installed capacity and 1,056.6 MW of physical energy guarantee.
The company was incorporated on December 5, 1966, under the name of Centrais Elétricas de São Paulo, following the merger of 11 power companies.
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