Centrais Elétricas Matogrossenses S.A. - CEMAT (BOVESPA:CMGR4) announced a private placement of 17,764,714 ordinary shares and 33,710,498 preferred shares at a price of BRL 7.97 per share for gross proceeds of BRL 408,713,183.28 on May 26, 2014. The transaction will include participation from existing investor, Rede Energia S.A. On the same date, the transaction was approved by the shareholders of the company.