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Centrais Eletricas Brasileiras SA to Acquire Control Stake in Companhia Energetica de Roraima

Tuesday, 27 Nov 2012 08:17am EST 

Centrais Eletricas Brasileiras SA (Eletrobras) announced that on November 26, 2012 it signed a protocol of intentions aimed at the Company’s participation in the financial restructuring process of Companhia Energetica de Roraima (CERR) by means of acquisition of a control stake in CERR. Eletrobras and the state of Roraima will initially conclude a shareholders’ agreement and management agreement aimed at the economic and financial recovery of CERR which after the implementation of all terms predicts the purchase of Eletrobras of a control stake in CERR.