Eneva S.A. cancelled the acquisition of 50% stake in Vibra Energia S.A. from Ronaldo Cezar Coelho and others in a merger of equals transaction.
Eneva S.A. (BOVESPA:ENEV3) cancelled the acquisition of 50% stake in Vibra Energia S.A. (BOVESPA:VBBR3) from Ronaldo Cezar Coelho and others in a merger of equals transaction on November 29, 2023. Eneva cancelled the deal because Vibra believes that the indicated exchange ratio is ?unjustifiable? and the terms of the proposed deal ?do not have any attractiveness for Vibra's shareholders.