VH Global Sustainable Energy Opportunities plc (LSE:GSEO) acquired Mascarenhas Hydro Electric Facility from EDP - Energias do Brasil S.A. (BOVESPA:ENBR3) for BRL 1.22 billion on August 31, 2022. The acquisition is for a total consideration of BRL 1,225mn comprised of BRL 800mn on closing subject to adjustments. The remainder is payable subject to the conditions established under the process of renewal of the Hydro Facility concession in H1 2027. The transaction closing is subject to customary regulatory approvals. VH Global was advised by Victory Hill Capital Advisors LLP.

VH Global Sustainable Energy Opportunities plc (LSE:GSEO) completed the acquisition of Mascarenhas Hydro Electric Facility from EDP - Energias do Brasil S.A. (BOVESPA:ENBR3) on August 31, 2022.