Notice to the Market - Closing Exchange Operation

Source Company Press Release
Company Serena Geração S.A., Electricite de France S.A.
Tags Country: Brazil, M&A: Asset Deal, Deals, Renewables: Renewables News, Segment: Power
Date October 02, 2023

Novo Mercado: MEGA3), complementing the Notice to the Market dated July 19, 2023, hereby informs its shareholders and the general market that its subsidiary Omega Geração S.A. ("Omega Geração") has executed, on the date hereof, a Shares Exchange Agreement ("Exchange Agreement") with EDF EN do Brasil Participações Ltda. ("EDFR"), relating to the exchange (permuta) of shareholding interests held by Omega Geração and EDFR in the companies holding the assets of the Ventos da Bahia Wind Complex and the Pirapora Solar Complex ('Transaction").

Upon closing of the Transaction, Omega Geração shall hold 100% (one hundred percent) of the shareholding interests in the companies holding the assets of the Ventos da Bahia Wind Complex (including Phases 1, 2 e 3) and EDFR shall hold 100% (one hundred percent) of the shareholding interests in the companies holding the assets of the Pirapora Solar Complex (including Phases 1, 2 e 3), thereby terminating the joint ventures between Omega Geração and EDFR.

As a result of the Transaction, the Company will fully consolidate the financial results of the Ventos da Bahia Wind Complex.

Closing of the Transaction is subject to customary conditions precedent set forth in the Exchange Agreement, including anti-trust approval and third-party consents. The Company will maintain its shareholders and the market duly informed about new facts regarding this notice.

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