Bahia Energy Generation Receives CADE Approval For Acquisition Of State-Owned Company CEB

Written by Flavia Marinho

Published on 18/01/2021 at 09:33

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The Approval Given by Cade Is One of the Last Steps to Finalize the Privatization of CEB Acquired in Auction by Bahia Geração de Energia, Controlled by Neoenergia

Last Friday (01/15), Neoenergia, the controller of Bahia Geração, announced that the Superintendency of the Administrative Council for Economic Defense (Cade) issued a favorable opinion to sell CEB Distribution to its subsidiary. Looking for a job? 60 job openings to work at the multinational General Electric Renewable factory today, January 18

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Neoenergia surprised the market in December of last year by allowing its subsidiary to bid for CEB Distribution during the privatization auction.

At the time, CEB-D was acquired for a bid of R$ 2.515 billion, after a strong bidding contest with CPFL Energia, which made a bid of R$ 2.508 billion.

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Approval of the Sale of CEB to Bahia Geração de Energia

The approval given by Cade is one of the last steps to finalize the privatization of CEB. However, a response from the National Electric Energy Agency (Aneel) is still required for the contract signing.

Cade and Aneel were contacted on December 24, 2020, 20 days ahead of the official privatization timeline. The estimate is that the billion-dollar operation could be completed next month.

Judicial Discussion

Lawmakers went to court to question the sale process of the state-owned company, which did not go through the Legislative Chamber of the Federal District (CLDF).

The latest decision, from the president of the Superior Court of Justice (STJ), Minister Humberto Martins, guarantees that the Government of the Federal District can finalize the privatization.

Bahia Energy Generation Receives CADE Approval For Acquisition Of State-Owned Company CEB

The Approval Given by Cade Is One of the Last Steps to Finalize the Privatization of CEB Acquired in Auction by Bahia Geração de Energia, Controlled by Neoenergia

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Approval of the Sale of CEB to Bahia Geração de Energia

Judicial Discussion

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Bahia Energy Generation Receives CADE Approval For Acquisition Of State-Owned Company CEB

The Approval Given by Cade Is One of the Last Steps to Finalize the Privatization of CEB Acquired in Auction by Bahia Geração de Energia, Controlled by Neoenergia

Also Read

Approval of the Sale of CEB to Bahia Geração de Energia

Judicial Discussion

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Discovery in Africa scares even scientists: a study published on April 23 reveals that the crust in Turkana has become so thin that it could pave the way for the continent’s division and the emergence of an ocean in the future, in a gigantic geological transformation.

Japanese garbage collectors treat filthy trucks as if they were dealership cars, and the obsession with cleanliness is so absurd that they invented a washing machine that only exists for this type of vehicle.

Seen from high in the stratosphere, a Lego Star Devourers rose to 34,988 meters attached to a balloon, returned to Earth intact, and entered the Guinness World Records in a record that seems like science fiction.

In 1991, Brazil’s GDP was almost double India’s, and today it is little more than half: while India grew 6.5% per year and trained engineers, Brazil preferred to train lawyers, and now it is rushing to strengthen ties with the world’s fourth-largest economy.

India built a 21.8-kilometer sea bridge to connect Mumbai to Navi Mumbai, and a journey of up to 120 minutes fell to about 20.

South America’s most famous oasis has an emerald lagoon formed by underground waters in the Peruvian desert. It is located 300 km from Lima, is surrounded by giant dunes, and holds a mysterious mermaid legend.

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