Apollo 16 and Alupar Investimento S.A. acquired 10.76% stake in Amazônia Eletronorte Transmissora de Energia S/A from Alubar Energia S.A.
April 10, 2019
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Apollo 16 and Alupar Investimento S.A. (BOVESPA:ALUP11) acquired 10.76% stake in Amazônia Eletronorte Transmissora de Energia S/A from Alubar Energia S.A. on April 11, 2019. Bruno Bercito and Rafael Teixeira of Stocche, Forbes, Padis, Filizzola, Clapis Advogados acted as legal advisors to Apollo 16 and Alupar Investimento S.A. Creuza de Abreu Vieira Coelho, Ana Gabriela Kurtz, Rafael Fiuza Casses and Caroline Bousquet da Silva Fonseca of Vieira Coelho Advogados acted as legal advisors to Alubar Energia S.A.
Apollo 16 and Alupar Investimento S.A. (BOVESPA:ALUP11) completed the acquisition of 10.76% stake in Amazônia Eletronorte Transmissora de Energia S/A from Alubar Energia S.A. on April 11, 2019.
Alupar Investimento SA is a Brazil-based company primarily engaged in the electric utilities sector. The Company focuses on developing and investing in infrastructure projects involving the energy industry in Brazil and other Latin American countries. Its activities are divided into two business segments: Transmission and Generation. The Transmission division holds electric power transmission concessions in Brazil and Chile. The Generation division includes renewable electricity generation through hydroelectric power plants (HPPs), small hydroelectric plants (SHPs) and wind farms in Brazil, Colombia and Peru. The Company operates through numerous subsidiaries, such as Transminas Holding SA, Windepar Holding SA, Alupar Inversiones Peru SAC and Alupar Chile Inversiones SpA. The Company is controlled by Guarupart Participacoes Ltda.