All shares currently issued by the Company have been redeemed
in circulation, representing 0.54% of its total share capital

 

Neoenergia concluded this Thursday, September 26th, the Public Takeover Offer (OPA) of Neoenergia Cosern shares on the Stock Exchange (B3), raising its shareholding from 93.09% (prior to the start of the takeover bid process) to 100% in the Company.

“Another operation 100% aligned with our growth strategy in Networks. Neoenergia Cosern is a reference in the market and has brought important results for the group. The focus with this transaction is to ensure that in addition to holding 100% of the shareholding, we continue to invest prudently and generate value for our shareholders, in addition to achieving shareholder simplification that results in greater efficiency.

This is another investment that reinforces our strategic decisions and contributes to the sustainability of our business”, affirms Eduardo Capelastegui, CEO of Neoenergia.

For Neoenergia Cosern, the Registration Conversion OPA modality (from Category A to Category B) was adopted, which will allow Neoenergia Cosern to continue to have access to the capital market for the issuance of debentures (debt securities issued by the company).

At the takeover bid on August 21, 6.37% of the share capital of Neoenergia Cosern had been acquired, leaving 0.54% of the shares for the compulsory redemption that was concluded this Thursday (26/09).

With the completion of this transaction, in the order of R$ 154 million, Neoenergia, which already had control of Neoenergia Cosern, started to hold 100% of its share capital.

This transaction reinforces Neoenergia's constant investments in the Distribution segment and confidence in Neoenergia Cosern's results, underlining its commitment to continue investing in a sustainable way and generating value for its stakeholders.