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Companhia Energética de Brasília – CEB was sold at an auction on December 4th, in SP, but discussions against privatization should continue.
The President of the Superior Court of Justice, Minister Humberto Martins, suspended last Friday (11/12) an injunction by the Federal District Court of Justice that jeopardized the progress of the privatization process of CEB Distribuição SA, a subsidiary of Companhia Energética de Brasilia. Speaking of privatization, the Petrobras communicates progress in the sale of Polo Marlim, located in deep waters in the Campos Basin
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The decision was taken based on the Organic Law of the Federal District, which requires a specific law for the creation and extinction of a state-owned parent company, which does not apply to its subsidiaries, for which the existence of generic legislative authorization is sufficient — an understanding already expressed by the Federal Supreme Court.
In the decision, the minister considered that the barrier to the company's sale process could have a financial impact, since the event was, in his understanding, done correctly. “Small collection of pecuniary values, which, in the end, will revert to the benefit of society as a whole, the final recipient of all state activities carried out”.
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The CEB Distribuição shares auction took place on the 4th and raised BRL 2,5 billion, but, a few hours earlier, the judge of the Federal District and Territories Court of Justice (TJDFT) Fátima Rafael decided to suspend the resolution of the 103rd Extraordinary General Meeting of Companhia Energética de Brasília (CEB), which approved the sale of 100% of the subsidiary's shares without prior authorizing legislation.
More privatization
Itaúsa issues billionaire debentures to buy Liquigás, the company communicated via material fact, on Thursday night (10/12) that its board of directors approved the 3rd issue of non-convertible debentures, in the amount of R$ 1,3, XNUMX billion.
Itaúsa is a Brazilian holding company that controls Banco Itaú, Duratex, Alpargatas, NTS and Itautec; in addition to other ventures. The company is the second largest private group in Brazil.
according to the document, the proceeds will be used, in large part, to contribute to Copagaz Distribuidora de Gás, to enable the acquisition of Liquigás Distribuidora.
On November 18, the Administrative Council for Economic Defense (Cade) approved, with restrictions, the sale of Liquigás, a subsidiary of Petrobras' cooking gas distribution, in a deal that involved Copagaz, Itaúsa, Nacional Gás Butano (NGB) and Fogás.
