This is the first time that a company has been recognized for two operations in the same category by the Brazilian Institute of Finance Executives, SP. The company stood out with the exchange of assets with Eletrobras and the transaction with

GIC

Neoenergia has just won the Golden Tombstone Award 2024, from the Brazilian Institute of Finance Executives, in the M&A category (acronym in English for mergers and acquisitions). This was the first time that a company won with two transactions in the same prize class. The company won first place with the exchange of hydroelectric plant assets with Eletrobras; and second place, with the sale of 50% of eight operating transmission assets to GIC, together with a partnership agreement to participate in transmission auctions. The announcement was made this Wednesday (19) in São Paulo.

The purpose of the IBEF-SP award is to recognize companies that stood out last year for the innovation and relevance of financial transactions. “The operations are aligned with the asset rotation strategy, focusing on the valuation and optimization of our portfolio. The award is a recognition of a business model that represents greater value generation for shareholders with discipline in the allocation of capital,” said Carlos Choqueta, Executive Director of

Development at Neoenergia.

Operations

When signing the agreement with Eletrobras, the company received 49% of the shares in the Dardanelos hydroelectric plant (MT), now holding 100% of the share capital of the business, in addition to the 0.04% shares in the distributors Neoenergia Coelba (BA), Neoenergia Cosern (RN), and the transmitter Afluente T (BA). In turn, Eletrobras received 51% of the shares of the Teles Pires hydroelectric plant (MT) and 51% of the shares of the Baguari hydroelectric plant

(MG).

The contract with the GIC, involved eight operating projects totaling 1,865 kilometers of transmission lines: Jalapão, Santa Luzia, Dourados, Atibaia, Biguaçu, Sobral, Narandiba and Rio Formoso. Neoenergia and GIC also signed a development agreement for joint participation in transmission auctions, as well as the potential acquisition of 50% of the shares of the active assets that come into operation, via the right

of first offer.