Eneva to Raise Funds through Public Offering of Shares

Published: Aug 08 2017
Deal Summary

Eneva S.A., an integrated energy company and a subsidiary of E.ON SE, has announced a public offering of shares.

The transaction will consist of primary and secondary distribution, of common shares issued by the company, clear and free of all and any liens, consisting: (i) primary distribution of shares (primary offering); and (ii) secondary distribution of shares held by certain sellers shareholders to be defined, as applicable (selling shareholders), in the context of an eventual distribution of additional shares and/or overallotment shares. The offering will comprise the public primary and secondary distribution of shares to be held in Brazil, on an over-the-counter (OTC) market.

The issue price per share shall be established based, jointly, on (a) the price of shares at Brasil Bolsa Balcao (B3); and (b) the bookbuilding procedure with institutional investors. The offering was approved by the board of directors of the company.

Banco BTG Pactual S.A. is acting as lead underwriter, Banco Itau BBA S.A., Goldman Sachs do Brasil Banco Multiplo S.A., Banco Bradesco BBI S.A., Citigroup Global Markets Brasil, Corretora de Cambio, Titulos e Valores Mobiliarios S.A. and Banco Santander (Brasil) S.A. are acting as underwriters to the company for the offering.

The company intends to use the net proceeds from the primary offering for the repayment of certain outstanding indebtedness and other general corporate purposes, after deduction of the commissions and fees.

The offering is subject to local and international capital market conditions.

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