BR Distribuidora compra por R$ 62 milhões participação da Targus para operar na comercialização de energia eléctrica

BR Distribuidora Acquires Targus Stake for R$ 62 Million to Operate in Electricity Trading Across Brazil

Written by Flavia Marinho

Published on 27/11/2020 at 08:59

Updated on 27/11/2020 at 09:18

Com a chegada da BR Distribuidora a Targus deverá crescer em até quatro vezes de tamanho e se tornar a maior comercializadora de energia do Brasil

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With the Arrival of BR Distribuidora, Targus Should Grow by Up to Four Times in Size and Become Brazil’s Largest Energy Trader

BR Distribuidora has initiated its first acquisition as a private company. The company reported yesterday (27) its entry into the electricity trading market. It is debuting in a sector where its main competitors, such as Raízen, are already present. Looking for a job? Offshore and onshore vacancies for RJ and ES have been announced by the oil and gas company KEMPETRO Engineering

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BR Distribuidora had to shell out 62.1 million Brazilian reais (US$ 11.5 million) to acquire a 70% stake in Targus Energia. The deal also includes profit mechanisms and buy-sell options for the remaining 30%.

“As a result of the acquisition, it will operate in the buying and selling of electricity to its clients, complementing its current product portfolio, as well as being able to attract new clients in the market, offering management services in the free market and distributed generation products,” said BR.

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Objectives

Despite estimating that the use of fossil fuels in Brazil will last for decades, the president of BR Distribuidora, Rafa Grisolia, said he wants to be prepared for future changes in the energy sector, such as the arrival of electric cars and the growth of the natural gas market in the country.

“Society is transforming, and if tomorrow you go to buy an electric car, I do not want to lose you as a customer; if an industry starts using gas, I want to be able to serve as the gas trader that should arise with the new regulations,” he explained. A partnership with Golar Power, a company specialized in gas, is already in the works.

With BR’s entry, Targus gains 14 thousand potential clients, who are currently part of BR’s business, in addition to more than 7,700 service stations spread across the country.

Targus is set to grow by up to four times in size and become Brazil’s largest energy trader, celebrates Targus partner, Heloy Rudge.

Founded in 2017, Targus Energia has about 200 consumer units in its portfolio, having traded 3,900 gigawatt-hours (GWh) in 2019, with revenue close to 900 million Brazilian reais (US$ 168 million).

BR Distribuidora Acquires Targus Stake for R$ 62 Million to Operate in Electricity Trading Across Brazil

With the Arrival of BR Distribuidora, Targus Should Grow by Up to Four Times in Size and Become Brazil’s Largest Energy Trader

Read Also

Objectives

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Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

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BR Distribuidora Acquires Targus Stake for R$ 62 Million to Operate in Electricity Trading Across Brazil

With the Arrival of BR Distribuidora, Targus Should Grow by Up to Four Times in Size and Become Brazil’s Largest Energy Trader

Read Also

Objectives

Mother and daughter build a 70 m² house with more than 8,000 discarded glass bottles and impress with their creativity; known as the Casa de Sal, the property is located on Itamaracá Island, in Pernambuco.

Workers were opening a new road connection near the Marginal Tietê when they found, in the underground of the construction site, remnants of locomotives, wagons, and boilers from the 19th century linked to the forgotten history of Lapa.

Instead of burning or burying old tires, an American city is transforming about 2,000 of them into the street itself, paving its first sections with a quieter and more durable rubber asphalt.

He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

China transforms desert-devastated area into the world’s largest artificial forest, planting trees for 60 years, blocking sand that reached Beijing, and creating a “green lung” of 92,000 hectares in a region once considered lost.

The river that “dies” in the desert never reaches the sea and yet gives life to one of Africa’s largest natural refuges in a truly impressive way.

Greek island offers free housing for volunteers, but there’s a condition: you need to take care of rescued cats.

Illiterate or semi-literate grandmothers were trained to repair solar systems, open rural workshops, and light up homes that still depended on kerosene.

The world has bet on green hydrogen as the fuel of the future, but now faces the side effect: producing 1 kilogram requires about 9 liters of ultrapure water, and the largest projects on the planet are precisely in the driest regions of the Earth, where water is already scarce for people.

Africa has about 500,000 cell towers and most still burn diesel to operate, while companies rush to cover antennas with solar energy and avoid signal blackouts.

Farmers swapped diesel for solar panels in Pakistan, powered irrigation pumps almost cost-free, expanded rice fields, and now groundwater has become a red alert in the countryside.

Migrant workers left the world’s largest renewable energy park in India after extreme heat, 12-hour shifts, delayed wages, and poor accommodations at a site that still promises to supply 18 million homes.

Man builds house with concrete made from recycled paper and attracts attention in Portugal; named Porta do Caracol, the home features solar panels, a vertical garden, and a pool with natural filters.

Goodbye to conventional plaster? New material used on walls reduces waste and steps in construction and draws the attention of engineers by offering faster application and greater construction efficiency – discover the advantages of smooth gypsum.

Roblox changes the rules for children and teenagers in Brazil and promises a safer platform with selfies and parental control.

As small communities struggle to maintain local income, Zigurats bets on its own cryptocurrency and transforms water, clay, and cosmetics into digital assets.

With a wingspan of 56.4 meters, the B-52H Stratofortress carries up to 31.5 tons of armaments and remains one of the main strategic bombers of the United States.