BMA advises GE Vernova on Prolec GE stake acquisition

BMA Advogados, under the global coordination across all jurisdictions involved of Skadden, Arps, Slate, Meagher & Flom, advised GE Vernova on the acquisition of the stake held by the Mexican group Xignux in Prolec GE, a joint venture between the two companies, strengthening GE Vernova’s position as a global leader in the power grid market.

As part of the transaction, GE Vernova will acquire the remaining shares issued by Prolec GE Brasil Transmissão de Energia, representing fifty percent (50%) of its share capital, becoming its sole shareholder.

The total transaction value is approximately US$ 5.3 billion, to be paid in equal parts in cash and debt, and its completion, expected by mid-2026, is subject to customary conditions and regulatory approvals, including clearance by the Brazilian Antitrust Authority (CADE).

BMA Advogados (Brazil) relied on partners of several areas, including Francisco Müssnich (pictured left) and Camila Goldberg (pictured right), Hermano A. C. Notaroberto Barbosa, Barbara Rosenberg, Anna Carolina Malta Spilborghs, Fernanda Rochael Nasciutti, Gustavo Maia, Bruna de Barros Correia, Fernanda Tanure and Felipe Palhares. Associates: Thamires Guerra and Júlia Chagas, Andrea Oliveira, Matheus Galdino and Pâmela Correa, Maria Sampaio and Bruna Silveira de Alencar, Jean Daniel Demattio Jaldin and Mariana de Souza Carvalho, José Luiz Meira Fernandes Cardoso and Ana Luisa Nascimento Dantas, Matheus Pedrosa Hipólito, Pedro Tavares Tathyana Milana Candu and Guilherme Garcia, Beatriz Camargo Ferrari and Thais Maria Dias de Oliveira, Luis Eduardo Bernardes Kussarev Al-contar and Rafael Fogel Klarnet, Júlia Calgaro Moreira and Isabella Ardente de Almeida da Rocha, Maria Eduarda Echeverria Magacho and Igor de Castro Pinheiro, Marlus Oliveira e Caio Leonardo De Figueiredo Gomes, Fernanda Villela Viana

Skadden, Arps, Slate, Meagher & Flom (USA) and Galicia Abogados (México) were also involved at this deal.