Tauil & Chequer Advogados advises shareholder on the sale of all shares of Infra Gás to Energisa for R$ 890 million

Tauil & Chequer Advogados in association with Mayer Brown advised Estrutura Brasil I Fundo de Investimento em Participações Multiestratégia on the sale of 100% of the shares of Infra Gás e Energia S.A. to Energisa Distribuição de Gás S.A., a subsidiary of the Energisa Group.

The transaction involved R$ 890 million. Infra Gás has the right to acquire the majority of the capital stock of Norgás, a holding that resulted from the partial spin-off of Gaspetro and that holds interests in five gas distribution companies in the Northeast region of Brazil - Algás, Cegás, Copergás, Potigás and Sergás.

The closing of the transaction is subject to the approval by the Administrative Council for Economic Defense (CADE), among other precedent conditions.

The team was led by partner Bruno Salzano and included the participation of associate Rafael Fischman Hochman, both from the Infrastructure and Energy practice.