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Eletropaulo energy distributor in São Paulo has reached an agreement with its parent company, Enel, for which it will receive 900 million reais as an advance for a future capital increase (Afac), according to the report Eletropaulo's board of directors released Tuesday.
1/15/2015 REUTERS / Nacho Doce
Photo: Reuters
The transaction is due to the fact that Enel was committed to carry out within 30 days a capital increase that results in a contribution of at least 1.5 billion reais in Eletropaulo after the closing of the acquisition of control of
"Since the operation of capital increase is not carried out immediately following the procedures required by the corporate law, the company and Enel will celebrate Afac to anticipate the value of 900 million Enel, "says Eletropaulo in the minutes of the meeting
Enel paid about 5.55 billion reais for a share of more than 70% in Eletropaulo, in the context of acquisition offer (OPA) The main shareholders of the company were AES and BNDESPar, which is a subsidiary of the National Bank for Economic and Social Development (BNDES), who sold his shares as part of the public offer of
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