AES Brasil Energia S.A. completed the acquisition of three operational wind farms with 456 MW from Cubico Brasil S.A. for BRL 1.9 billion.
December 04, 2022
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AES Brasil Energia S.A. (BOVESPA:AESB3) entered into a Share Purchase Agreement to acquire Three operational wind farms with 456 MW from Cubico Brasil SA for an enterprise value of approximately BRL 2 billion on August 8, 2022. The total enterprise value is up to BRL 2,033 million, as follows: (i) BRL 1105 million in equity; and (ii) assumption of net debt of BRL 928 million as of June 30, 2022. The agreed amount is subject to price adjustments provisions, which are customary in this type of transaction, including the variation in working capital and net debt of the SPEs. To enable the payment of part of the acquisition price, the Company's share capital increase was approved at a meeting of the Board of Directors of the Company held on August 8, 2022. The completion of the Transaction will be subject to the fulfillment of the conditions precedent agreed within the scope of the SPA, which are customary in this type of transaction.
AES Brasil Energia S.A. (BOVESPA:AESB3) completed the acquisition of three operational wind farms with 456 MW from Cubico Brasil S.A. for BRL 1.9 billion on December 5, 2022. The final purchase price was adjusted to BRL 1.85 billion and ended up paying BRL 960 million and assumed net debt of BRL 895 million.
AES Brasil Energia SA is a Brazil-based holding company of the AES Group in Brazil. The Company operates with a focus on investing and developing solutions in the area of renewable energy to meet the needs of its customers. AES Brasil Energia operates a flexible energy platform according to the demands of the customers, offering a wide range of products, from ready-made options to customized solutions. The Company's portfolio of assets in operation and under construction was composed of a total of twenty hydroelectric, wind and solar power generation assets, comprising nine hydroelectric power plants (HPPs), three small hydroelectric power plants (SHPs), six wind power complexes, four of which are in operation and two under construction, and two solar power complexes, with the portfolio's installed capacity totaling 4,691 megawatts (MW).
AES BRASIL ENERGIA S.A. 
