VH Global Sustainable Energy Opportunities plc (LSE:GSEO) agreed to acquire Energest S.A. from EDP - Energias do Brasil S.A. (BOVESPA:ENBR3) for approximately BRL 1.2 billion on August 30, 2022. The acquisition is for a total consideration of BRL 1,225 million comprised of BRL 800 million 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 total consideration for the transaction corresponds to an estimated enterprise value of BRL 1,225 million. The deal is subject to post-closing adjustments and obligations customary for these agreements. Victory Hill Capital Advisors LLP acted as financial advisor to VH Global.

VH Global Sustainable Energy Opportunities plc (LSE:GSEO) completed the acquisition Energest S.A. from EDP - Energias do Brasil S.A. (BOVESPA:ENBR3) on December 8, 2022.