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The privatization auction took place at the end of last week on the Brazilian Stock Exchange, the B3. The sale of the ES Gás distributor to Energisa marks a step forward in the company's operations for the year 2023.
In a ceremony held at B3, the Brazilian Stock Exchange, last Friday (31/03), Energisa won the bid for Espírito Santo distributor ES Gás for R$ 1,42 billion. The State Government delivered 51% of the company's stake, while Vibra Energia provided the other 49% in the privatization auction. Now, the winning company of the event will invest in the natural gas market Brazilian.
Auction for privatization of Espírito Santo distributor ES Gás was successfully held last week, with Energisa winning the auction
Energisa, a Brazilian company in the energy sector, won the auction to sell all the shares of Companhia de Gás do Espírito Santo (ES Gás) for R$ 1,42 billion.
The auction for the company's privatization took place on March 31 at the São Paulo Stock Exchange (B3). Furthermore, Energisa's bid represented a premium of 7,28%, given that the minimum bid was R$1,3 billion.
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As for the division in the company's share granted in the auction, the government of Espírito Santo sold its 51% stake in the voting capital of ES Gás, while Vibra Energia (formerly BR Distribuidora) traded the remaining 49%.
Currently, the capixaba distributor is the company responsible for the distribution of piped natural gas in the state of Espírito Santo, having its regulation made by the Regulatory Agency for Public Services of Espírito Santo (ARSP).
The company operates in several segments, such as residential, commercial, industrial, automotive, air conditioning and cogeneration and thermoelectric, and has more than 75 thousand consumer units.
The governor of Espírito Santo, Renato Casagrande, stated that the amount collected from the sale of ES Gás demonstrates the company's capacity during the period in which it was managed by Vibra. He also emphasized that the state will maintain a stable and balanced regulatory agency with permanent dialogue so that Energisa can develop its activities in the state.
Sale of ES Gás marks a great result for the state and for the natural gas market in the region
With the acquisition of ES Gás, Energisa expands its presence in the energy sector in Brazil. The company already operates in the distribution of electricity in 11 Brazilian states, in addition to being one of the largest companies in the Brazilian electricity sector.
For Heber Resende, CEO of ES Gás, the result of the auction was positive for the state, for capixaba society, for the company and its shareholders.
He highlighted that the sale to private partners will provide the concessionaire with the skills necessary to act with agility and competitiveness in the new regulatory environment for natural gas, which is more open and disputed.
With the completion of the sale, ES Gás now has control in the hands of private partners, opening a new chapter in its history.
Energisa is now embarking on a new phase of activity in the Brazilian natural gas market, after winning the purchase of the distributor ES Gás in the privatization auction.
