CENTRAIS ELÉTRICAS BRASILEIRAS S/A CNPJ: 00.001.180/0001-26 | NIRE: 533.0000085-9 PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A ('Company' or 'Eletrobras') (B3: ELET3, ELET5 & ELET6; NYSE: EBR & EBR.B; LATIBEX: XELT.O & XELT.B) hereby informs its shareholders and the market in general, that the Board of Directors of the subsidiary Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil ('CGT Eletrosul) approved, on this date, the Protocol and Justification of Incorporation of the Special Purpose Company ('SPE') Fronteira Oeste Transmissora de Energia SA ('FOTE'), by CGT Eletrosul and the Accounting Valuation report of the Shareholders' Equity of the SPE, dated March 31, 2021, to be entered into between the administrations of CGT Eletrosul and FOTE.
Considering that CGT Eletrosul holds 100% of FOTE, the share capital of CGT Eletrosul will not be increased, with no need for any share issue and, consequently, the establishment of a share replacement ratio.
The aforementioned merger is subject to the implementation of the following conditions precedent: (i) prior consent by SEST and (ii) prior consent by ANEEL.
The full effectiveness of the operation is subject to its approval by the shareholders at the EGMs of CGT Eletrosul and FOTE.
The merger of FOTE is within the scope of the Eletrobras shareholding rationalization initiative, pursuant to the Business and Management Master Plan ('PDNG 2021-2025') disclosed to the market through a Relevant Fact on December 23, 2020.
The Company will keep the market informed about the matter subject of this Relevant Fact.
Rio de Janeiro, August 03, 2021
Elvira Cavalcanti Presta
CFO and Investor Relations Officer
This document may contain estimates and forecasts that are not statements of fact that occurred in the past but reflect our management beliefs and expectations and may constitute future events' forecasts and estimates under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words 'believe', 'may', 'estimate', 'continue', 'anticipate', 'intend', 'expect' and related words are intended to identify estimates that necessarily involve risks and uncertainties, known or unknown . Known risks and uncertainties include, but are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, changes in interest rates, inflation and value of the Real, changes in volumes and the pattern of use of electricity by consumer, competitive conditions, our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government regulations , and other risks described in our annual report and other documents filed with CVM and SEC. Estimates and forecasts refer only to the date they were expressed and we assume no obligation to update any of these estimates or forecasts due to the occurrence of new information or future events. Future results of the Company's operations and initiatives may differ from current expectations and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect accurate results due to rounding.
Eletrobrás - Centrais Elétricas Brasileiras SA published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 10:25:23 UTC.