ENEVA announces, on Monday (October 3rd), the completion of its capital increase, and, as a result, Parnaíba Gás Natural (PGN) becomes its fully-owned subsidiary. The conclusion of the transaction, which started in March, positions ENEVA as a pioneer fully integrated energy platform in Brazil, combining ENEVA's power generation capability with PGN's expertise in Oil and Gas (O&G) upstream.
The transaction involved PGN's shares contribution, held by Cambuhy and OGX, to ENEVA, through a capital increase of R$ 1.16 billion.
"We are uniquely positioned with a reservoir-to-wire model with excellent growth opportunities ahead. We want to be recognized as a world-class integrated energy company in oil & gas and power generation", declares ENEVA's chief executive officer, José Aurélio Drummond.
After the conclusion of the capital increase, no individual or shareholder group holds more than 50% of ENEVA's shares, with no controlling shareholder. The new capital stock is comprised as follows:
|Other (<5% each)||18.16%|
"With the transaction ENEVA reinsures its position as a solid national group, capable of effectively contributing to the development of the Brazilian energy industry, exploring and delivering every day", concludes Drummond.
ENEVA is a fully integrated energy company in Brazil, with businesses in power generation, energy commercialization, and exploration and production of hydrocarbons. Its 2.2 GW of installed power generation accounts for 11% of the Brazilian thermal capacity. With up to 8.4 million m³ per day production volume, ENEVA is the largest private operator of natural gas in Brazil, with over 27 thousand km² of area under concession at the Parnaíba Basin, state of Maranhão.