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Announced

Eneva to acquire Focus Energia for $162m.

Financials

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Transaction Value£122m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Integrated Oil and Gas

Public

energy sector

Single Bidder

Pending

Brazil

Friendly

Acquisition

Domestic

Majority

Synopsis

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Eneva, a Brazilian energy utilities company, agreed to acquire Focus Energia, a firm engaged in the energy sector, for $162m. Eneva will pay 75% in cash and the remaining stake in stocks. The deal is part of Eneva's strategy to diversify its portfolio in renewable energy and would delist Focus Energia from the Bovespa stock exchange.

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