After the approval of the company's board for the purchase process, Vibra acquired a 50% stake in the energy company ZEG Biogás and announced a millionaire investment for the production of biofuels in future projects with the company.
Last Monday (04/07), the energy company Vibra announced the acquisition of 50% of ZEG Biogás e Energia, after approval by the Board of Directors of Vibra. And, although it is waiting for a series of other bids, the company has already announced a contribution of BRL 412 for future investment in energy production projects. biofuels such as biogas and biomethane.
Process for acquiring a stake in ZEG Biogás by Vibra is approved by the company's board and will undergo approval by CADE
Aiming at the biofuels market in a context of expansion of the energy transition and the need for new alternatives for the transport sector, Vibra announced its new venture and acquired 50% of ZEG Biogás in a recent transaction. In this way, the company will own half of the energy and fuels company and will be able to expand its presence in this segment, with a focus on biogas and biomethane.
The transaction for the acquisition of the company will involve a primary contribution of R$30 million, at the closing of the transaction, and a secondary installment of R$129,5 million. In this way, Vibra will officially hold half of the participating shares in ZEG Biogás.
Although it was approved by Vibra's Board of Directors, the transaction between the companies still needs to go through new processes, such as approval by the Administrative Council for Economic Defense (CADE), as determined by the Brazilian Corporate Law. However, for transactions of this type.
However, the companies are well advanced in the transaction process and Vibra's Executive Vice President of Finance, Purchasing and IR, André Natal, highlighted that “This Transaction complements Vibra's platform of renewable products and services, reinforcing the position of relevance of the Company in the process of transition and decarbonization of the Brazilian energy matrix, by expanding the offer of cleaner, renewable and sustainable energy. ZEG Biogás has the potential to reach production of more than 2 million m³/day in up to 5 years”.
Vibra intends to invest BRL 412 million in the development of projects for the production of biofuels with a focus on the global market
In addition to the announcement of the acquisition of 50% of ZEG Biogás on Monday, the energy company Vibra also gave details about its plans for its participation in the company. In this way, there will be a total investment of R$ 412 million applied in the development of projects aimed at the production of biofuels such as biogas and biomethane.
In addition, of this total, a portion of R$ 206 million would refer to Vibra's 50% stake and the other R$ 206 million would be contributed on behalf of the other partners.
In this way, the millionaire investment in biofuel projects will be able to place Vibra in a new branch of the international market, since the company is focused currently in the energy business, but intends to streamline its portfolio.
Thus, the acquisition of ZEG Biogás is part of the growth plan in the fuel market, more specifically in biofuel projects, taking advantage of the need for clean resources for the current transport sector.
Now, the company awaits the finalization of the transaction process after approval by government agencies, such as CADE, and by the internal administration of ZEG Biogás. The biofuel company has as a determining principle in its actions the reduction of the negative impacts caused by the use of fossil fuels in the energy matrix worldwide and this is the moment for Vibra to take advantage of the growth potential in its newest acquisition.
