2013, uponsatisfaction of certain conditions, including obtaining approvals fromBrazilian regulatory authorities and lenders of the Project.The completerelease is available here. Value USD 7,900m (estimated capital expenditure ofproject) Stake Value 20%. Source CompanyPress Release(s). CPFL expectsto conclude Rede Energia acquisition by July CPFL Energia(CPFE: BZ; CPL: NYSE), the listed Brazilian energy company, expects to concludeby July the acquisition of Rede Energia (REDE3, REDE4: BZ), made in partnershipwith Equatorial Energia (EQTL3: BZ), despite the controversy raised bycompetitors seeking to block the deal, Valor Economico reported, without citingsources.CompanhiaParanaense de Energia Copel (CPLE6: BZ)and Energisa (ENGI3: BZ) both complained about the exclusivity awarded to theCPFL-Equatorial consortium and asserted in court their right to also deliver abid. Copel and Energisa based their arguments on Law 12,767, which deals withintervention in electricity companies, according to which the freeparticipation of interested parties in a possible change of control of acompany under intervention should be ensured without the granting of exclusivityto one or more companies, the item noted.TheBrazilian Congress is expected to vote in the coming weeks on an amendment toLaw 12,767, according to which the restriction of exclusivity would apply onlyto seized companies with recovery plans rejected by regulator Aneel. Ifapproved, the amendment will represent a defeat for Copel and Energisa and avictory for Equatorial and CPFL, the item said, citing unnamed sources.JuliaoCoelho, director at Aneel, was cited in the business daily piece as saying hebelieves the agreement is valid, as the purchase and sale agreement was signedbefore the entry into force of Law 12,767, which was signed into law on 27December 2012.Source ValorEconomico. Ornareplans US expansion, could open more showrooms with private equity investment,CEO says OrnareIndustria de Moveis, a Brazil-based premium furniture manufacturer andretailer, is planning to open local distribution facilities in the US, andcould open even more if it sold a stake to a private equity firm, CEO andco-owner Murillo Schattan said.We are keento talk to a fund to grow in the US with investor capital, Schattan toldMergermarket. The company is not actively seeking investors but welcomesapproaches and would hire M&A advisors for a deal, the CEO added.Ornare hashad a showroom in Miami since 2006 and opened the second US-based one in Dallasin late May. The company is opening a master distribution company in the US andaims to open local distribution facilities in Chicago, Los Angeles, New York andWashington DC. Each showroom demands an investment of USD 700,000 and couldgenerate revenues from USD 4m to USD 6m per year, Schattan said.It ispossible to open up to 10 showrooms on US soil, and it would be easy with aninvestor that helps with management, Schattan said. He did not elaborate aboutthe stake size or the amount of capital it would like to raise.With USD 83min revenues, Ornare designs, manufactures and markets living room, bedroom,kitchen, office and home theater furniture for high-income consumers. It has anindustrial facility in Sao Paulo, where it is headquartered and employs 650people.Ornare hasten stores in Brazil, four of its own and the others franchised, and it plansto open seven more franchise locations this year, Schattan said. The companywould sell a stake only for international expansion,