Statkraft, through its Brazilian subsidiary (Statkraft), has today agreed with Jackson Empreendimentos S.A. (Jackson) to acquire all of its subsidiary's shares in the Brazilian power company Desenvix Energias Renováveis S.A. (Desenvix). Statkraft will thus become the majority owner of Desenvix, which owns, operates and maintains hydro and wind power plants in Brazil.
Jackson has agreed to sell its remaining interest in Desenvix, currently 36.85% of the company. Statkraft already owns 44.45% of Desenvix. The agreement is conditional upon necessary approvals by the third owner of Desenvix, Brazilian pension fund FUNCEF (18.7%), as well as by certain creditors, the Brazilian Electricity Regulatory Agency (ANEEL), and the Brazilian Antitrust Agency (CADE). The parties expect to execute the definitive agreements regarding the transaction within the next weeks and complete the sale in the course of the second Quarter of 2015.