Eneva S.A. (BOVESPA:ENEV3) made a proposal to acquire AES Tietê Energia S.A. (BOVESPA:TIET11) from BNDES Participações S.A. - BNDESPAR and others for BRL 7.5 billion on July 23, 2020. under the terms of the offer, shareholders of AES Tiete will be exchanged for 0.06 common shares for each share or total 130.5 million Eneva shares, as well as a total cash consideration of approximately BRL 728 million. As on July 28, 2020, BNDES Participações S.A. - BNDESPAR informed the proposal of Eneva S.A. was declined.