Bahia Geração de Energia S.A. won the auction to acquire CEB Distribuição S.A. from Companhia Energética de Brasília - CEB (BOVESPA:CEBR5) and others for BRL 2.5 billion on December 4, 2020. The auction was carried out by BNDES. Bahia Geração de Energia S.A entered into an agreement to acquire CEB Distribuição S.A. from Companhia Energética de Brasília - CEB (BOVESPA:CEBR5) and others for BRL 2.5 billion on December 12, 2020. The transaction is subject to approval from the Administrative Council of Economic Defense (CADE), the National Electric Energy Agency (Aneel) and the general meeting of Neoenergia S.A., parent of Bahia Geração de Energia S.A. Neoenergia expects the acquisition to be consummated within the next 90 days approximately. As of January 14, 2021 Administrative Council of Economic Defense (CADE) approved the deal. As of January 22, 2021, National Electric Energy Agency (Aneel) approved the deal. Citigroup Global Markets Limited acted as financial advisor and Ivandro Maciel Sanchez, Joao Vitor Luke Reis, Laura Garcia De Freitas Souza, Andrea Melo Fialho, Gabriel Leao Vazami, José Carlos Altomari Teixeira, Larissa Carvalho Gersanti, Luisa Andrade Costa E Silva Rodrigues and Maia Alexia Martinovich of Machado, Meyer, Sendacz e Opice acted as legal advisor to Neoenergia S.A. in the transaction.