Two firms completes the acquisition of UEGA for Âmbar Energia
Bichara Advogados advised Âmbar Energia and J&F Investimentos (Âmbar Energia’s guarantor) on the conclusion of a transaction aimed at acquiring the Araucária Thermoelectric Power Plant (UEGA) for approximately BRL 400 million, adding around 480 megawatts (MW) of power to its installed capacity.
Âmbar Energia announced the acquisition of control of UEGA in December 2023. In March 2024, Petrobras exercised its tag-along right, adhering to the terms of the share purchase agreement between Âmbar Energia and the COPEL Group, resulting in the acquisition of 100% of UEGA’s shares.
Bichara Advogados relied on partners Luiz Henrique Vieira (pictured top left) and Breno Ganem (pictured top right), and associates Ricardo Sassi, João Paulo Fontoura and Pedro Augusto de Souza Pires.
The sellers were advised by Schmidt Valois Advogados that relied on partners Rogério Miranda (pictured bottom left), Isabela Faria (pictured bottom right) and trainee Bruno Ribeiro de Almeida.
In-house counsel to J&F Investimentos: Lúcio Batista Martins.
In-house counsel to Âmbar Energia: João Gabriel Vieira de Medeiros and Luciana Lucena Carneiro.
