Two firms advise on the acquisition of small hydroelectric plants
Souto Correa and Pinheiro Neto acted on the acquisition of two companies that managed two hydroelectric plants located in State of Mato Grosso (PCHs – pequenas centrais hidrelétricas). For this deal Gerdau Group used their energy investment entities to buy the companies from Atiaia Energia, a renewable energy company controlled by Grupo Cornélio Brennand.
The transaction value was BRL 440 million.
Souto Correa advised Gerdau Aços Longos e Sul Renováveis (subsidiaries of Grupo Gerdau) and relied on partner Rodrigo Tellechea (pictured left), Isabelle Bueno (pictured center), associates Amanda Baldacone and Natalia Rudiger.
Pinheiro Neto advised Rio do Sangue Energia, Paranatinga Energia and Atiaia Energia (subsidiary of Grupo Cornélio Brennand) and relied on partners Carlos Alberto Moreira Lima Jr. (pictured left), Daniel Rebello; senior associates Luiz Fernando Lockmann e Souza and José Carlos Teixeira; associates André Moricochi, Gabriela Leão.
