Friday, September 02, 2016 - 16:17

RELEASE

cpfl

Camargo Corrêa S.A., a portfolio holding company, hereby informs that today (September 2) it has signed an agreement with State Grid International Development Limited for the acquisition of Camargo Corrêa’s entire equity interest linked to the controlling block of CPFL Energia S.A., as provided for in a Letter Agreement signed on July 1.

The closing of the deal is subject to the fulfillment of prerequisite conditions that are customary for this type of operation, including obtainment of the required approvals by the appropriate authorities. Camargo Corrêa S.A. was advised by Bradesco BBI in these negotiations.

Upon completion of these final steps, Camargo Corrêa S.A. successfully ends its shareholdings in the electricity sector, which contributed to the strengthening of the company, generating value for all of its shareholders.