Document:

Exhibit 4.22

 

Summary of the Share Purchase Agreement entered into between Transmissora Aliança de Energia Elétrica S.A., Abengoa Concessões Brasil Holding S.A., Abengoa Construção Brasil Ltda., NTE — Nordeste Transmissora de Energia S.A. and Abengoa Participações Holding S.A.

 

On June 2, 2011, Transmissora Aliança de Energia Elétrica S.A. (“Taesa”) entered into a Share Purchase Agreement (the “NTE Share Purchase Agreement”) with Abengoa Concessões Brasil Holding S.A. (“Abengoa Concessões”) and Abengoa Construção Brasil Ltda. (“Abengoa Construção”), for acquisition of 100% of the equity interest held by Abengoa Concessões and Abengoa Construção in NTE —  Nordeste Transmissora de Energia S.A. (“NTE”).

 

The acquisition price is R$ 336.1 million, for 100% of the shares of NTE.

 

The acquisition price will be adjusted by the variation in the Selic rate (the rate calculated by the Special Settlement and Custody System — Sistema Especial de Liquidação e Custódia, or Selic) for December 31, 2010 up to the business day immediately prior to the closing date of the transaction, and reduced, as applicable, by any dividends or interest on equity paid by NTE during that period. The acquisition price will also be updated in accordance with any increase or reduction of capital during the period.

 

In the event of rescission of the NTE Share Purchase Contract, the infringing party will be subject a penalty equivalent to 10% of the acquisition price.

 

The NTE Share Purchase Agreement contains warranties, guarantees and obligations by Taesa, Abengoa Concessões and Abengoa Construção. The closing of the transaction is subject to certain conditions, including:

 

·                  approval by the competent bodies, including the National Electricity Agency (Agência Nacional de Energia Elétrica, or Aneel);

·                  and any other consents by financing banks of NTE, when necessary.

 

The acquisition will also be submitted for approval to the Economic Defense Administrative Council (Conselho Administrativo de Defesa Econômica, or Cade), within the period and in the manner specified in the relevant legislation.Exhibit 4.24

 

Summary of the Share Purchase Agreement entered into between Transmissora Aliança de Energia Elétrica S.A. and Abengoa Concessões Brasil Holding S.A.

 

On March 16, 2012, Transmissora Aliança de Energia Elétrica S.A. (“Taesa”) entered into an agreement for sale of shares held by Abengoa Concessões Brasil Holding S.A. (“Abengoa Concessões”), representing 50% of the share capital of União de Transmissoras de Energia Elétrica Holding S.A. (“Unisa”), which in turn owns 100% of the share capital of the transmission companies:

 

ATE Transmissora de Energia S.A. (“ATE”),

ATE II Transmissora de Energia S.A. (“ATE II”), and

ATE III Transmissora de Energia S.A. (“ATE III”) and

STE — Sul Transmissora de Energia S.A. (“STE”),

— when jointly referred to, the “Subsidiaries”.

 

The acquisition price was R$ 863,500,000.00 (eight hundred and sixty three million, five hundred thousand Reais) as of December 31, 2011.

 

The acquisition price will be adjusted by the variation in the Selic rate (the rate calculated by the Special Settlement and Custody System — Sistema Especial de Liquidação e Custódia, or Selic), from December 31, 2010 up to the business day immediately prior to the closing date of the transaction, and reduced, as applicable, by 50% of any dividends or Interest on Equity paid by the Subsidiaries during that period. The acquisition price will also be updated in accordance with any increase or reduction of capital during the period.

 

In the event of rescission of the Share Purchase and Sale Agreement, the Infringing party will be subject to a penalty equivalent to 10% of the acquisition price.

 

The Share Purchase and Sale Agreement contains warranties, guarantees and obligations by Taesa and by Abengoa Concessões. The closing of the transaction is subject to certain conditions, including:

 

·                  approval by stockholders;

·                  approval by the competent authorities, including the National Electricity Agency (Agência Nacional de Energia Elétrica, or Aneel); and

·                  any consents from the banks financing the Subsidiaries.

 

The date of completion of the transaction will be decided after these conditions have been met. The acquisition will also be submitted for approval by the Economic Defense Administrative Council (Conselho Administrativo de Defesa Econômica, or Cade), within the period and in the manner specified in the relevant legislation.Exhibit 4.25

 

Summary of the Investment Agreement between RR Participações S.A., Light S.A. and Renova Energia S.A.

 

On July 8, 2011, an Investment Agreement was entered into between RR Participações S.A. (“RR”), Light S.A. (LIGT3) (“Light”) and Renova Energia S.A. (RNEW11) (“Renova”): RR as controlling stockholder of Renova, Light as new investor, and Renova as investee. Light acquired an interest in Renova through subscription of new common shares in Renova, corresponding to an increase of the capital of Renova by a total of R$ 360,000,000.00 (“the Investment”).

 

The Investment Agreement established contractual rights and obligations assigned by Light to its wholly-owned subsidiary Light Energia S.A.  Following the Investment, Light owns 34.85% of the common shares of Renova and 25.83% of its total capital.

 

The Investment was previoulsy approved by the National Electricity Agency (Agência Nacional de Energia Elétrica, or Aneel), and also authorized by the financiers of Renova and of its subsidiaries.

 

A Stockholders’ Agreement between RR and Light, and Renova as consenting party (the “New Stockholders’ Agreement”), governing the exercise of the right of vote by the stockholders, the corporate governance of Renova, rights of preference, rights to match offers, rights of joint sale and leaving the Company, was signed and filed at the head office of Renova.Exhibit 4.26

 

Summary of the Put Option agreed between Parati S.A and Fundação de Seguridade Social Braslight

 

On July 15, 2011, Parati S.A. — Participações em Ativos de Energia Elétrica (“Parati”), an affiliated company of Cemig, through Luce LLC (“Luce”), was notified by Fundação de Seguridade Social Braslight (“Braslight”), owner of 25% of the units of the investment fund Luce Brasil Fundo de Investimento em Participações (“FIP Luce”), which in turn is indirect holder, through Luce Empreendimentos e Participações S.A., of 26,576,149 common shares issued by Light S.A. (“Light”), representing, approximately, 13.03% of Light’s total and voting capital, that Braslight would exercise the Option to Sell its holding in FIP Luce (the “Put Option”), as provided for in the Unit Holders’ Agreement of FIP Luce.

 

A Share Purchase Agreement was therefore entered into for acquisition of 25% of the holding in FIP Luce, held by Braslight.

 

The acquisition price was R$ 171.98 million, paid to Braslight.Exhibit 4.27

 

Summary of the Share Purchase and Sale Agreement entered into between Amazônia Energia Participações S.A. and Construtora Queiroz Galvão S.A., Construtora OAS Ltda., Contern Construções e Comércio Ltda, Cetenco Engenharia S.A., Galvão Engenharia S.A. and J. Malucelli Construtora de Obras S.A., for shares in Norte Energia S.A.

 

On October 25, 2011, Companhia Energética de Minas Gerais – CEMIG (“Cemig”) and Light S.A. (“Light”), through Amazônia Energia Participações S.A. (“Amazônia Energia”) entered into a Share Purchase and Sale Agreement for the purchase of Norte Energia S.A (“Norte Energia”). The Agreement was signed with six companies holding, in aggregate, 9.77% ownership of Norte Energia S.A, a corporation holding the concession for construction and commercial operation of the Belo Monte Hydroelectric Plant, on the Xingu River in the State of Pará (the “Belo Monte Plant”).

 

The stockholders of Amazônia Energia Participações S.A. are Light S.A. (with 25.5% of the total share capital) and Cemig Geração e Transmissão S.A. (“Cemig GT”), a wholly-owned subsidiary of Cemig (with 74.5% of the total share capital). Amazônia Energia Participações S.A. will acquire, from the Vendors, the following equity interests in Norte Energia:

 

(i)                                     Construtora Queiroz Galvão S.A.: 2.51%;

(ii)                                  Construtora OAS Ltda.: 2.51%;

(iii)                               Contern Construções e Comércio Ltda.: 1.25%;

(iv)                              Cetenco Engenharia S.A.: 1.25%;

(v)                                 Galvão Engenharia S.A.: 1.25%; and

(vi)                              J. Malucelli Construtora de Obras S.A.: 1%.

 

The acquisition price was R$ 118.69 million, payable within five business days after signature of the agreements, for a 9.77% interest in Norte Energia.

 

The acquisition price corresponds to the amounts of capital injected by the Vendors, adjusted by the IPCA inflation index up to October 26, 2011.

 

Under the Stockholders’ Agreement of Norte Energia, Amazônia Energia will have the right to appoint

 

·                  one member of the Board of Directors (and his/her substitute member),

·                  one member of each Committee of the Board of Directors,

·                  the Chief Management Officer, and

·                  one member of the Audit Board, in a rotating system with other stockholders.

 

The entry of Amazônia Energia Participações S.A. as stockholder of Norte Energia in substitution of the Vendors was approved by the Extraordinary General Meeting of Stockholders of Norte Energia held on that date.

 

The National Electricity Agency (Agência Nacional de Energia Elétrica, or Aneel) will be duly advised of the transaction, and the transaction was approved by the Economic Defense Administrative Council (Conselho Administrativo de Defesa Econômica, or Cade), in accordance with Law 8884/94.

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