With the closing of the acquisition of Targus, BR Distribuidora will offer products and services related to the free electricity market

BR Distribuidora completes the acquisition of the Targus Energia Group and starts a new phase in the search for diversification of the product offer. With the closing of the operation, the company announces its definitive entry into a new segment: the sale of electricity. Petrobras has endorsement from Cade and acquires Total's stake in 5 oil blocks in Amazonas

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BR became the majority shareholder of the Targus Energia Group and, after the conclusion of all contributions scheduled for up to December 31st, will hold 70% of its share capital.

In addition to the conclusion of the transaction, BR Distribuidora signed a 15-year shareholders' agreement with the current partners of Targus, providing for purchase options for the acquisition of the remaining 30% stake.

In addition to the mix it already works with, with the closing of the acquisition of Targus, BR Distribuidora will offer products and services related to the free energy market, distributed generation products, and also solutions related to the future free gas market.

The novelty serves the areas of B2B and the company's service station network. It will be possible to offer the new products to approximately 14 thousand major BR customers in the most varied segments, as well as all almost 8 thousand service stations in the company's network.

BR, via Targus, will offer full support in all stages of the migration to the free market, from adapting the measurement system to joining the Electric Energy Trading Chamber – CCEE. Regulatory advice, energy efficiency management and proposals for sustainability actions will also be offered.

BR will also act as an energy supplier for its customers, always seeking to customize the characteristics to suit the consumption profile of each one, who will even be able to count on savings guaranteed by BR. In addition to traditional products, BR will enable the customer to be a retail consumer.

This consumer has a simplified registration within the CCEE, with all operational obligations being the responsibility of BR itself. This model is an alternative for customers who want to access the benefits of the ACL, but with a more simplified contract.

BR will offer customers with lower energy consumption, especially those connected at low voltage, the possibility of having direct access to energy from renewable sources, mainly solar and small hydroelectric plants.

Founded in 2017, Targus Energia has around 200 consumer units in its portfolio, having negotiated 3,9 thousand gigawatt hours (GWh) in 2019, obtaining revenues close to R﹩ 900 million. The company started its operation with energy purchase and sale activities in the free contracting environment and has expanded to the segments of distributed generation and energy management of consumers and generators in the ACL.