03/10/2016 - ENEVA concludes transaction with Parnaíba Gás Natural shareholders

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: 

ShareholderInterest
BTG Pactual33.73%
Cambuhy25.73%
E.ON8.28%
Itaú Unibanco7.88%
OGX6.22%
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.

ABOUT ENEVA

ENEVA is a fully integrated energy company in Brazil, with businesses in power generation, energy commercialization, and exploration and production of hydrocarb​ons. 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.



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Contacts: 
Elisa Soares
(21) 98398-8882 | (21) 3721-3044
imprensa@eneva.com.br