Energisa S.A. (BOVESPA:ENGI3) agreed to acquire Rede Energia S.A. (BOVESPA:REDE4) for approximately BRL 3.1 billion on July 11, 2013. Energisa offered payment of BRL 1.95 billion to creditors and an additional BRL 1.1 billion into Rede in the form of fresh investments. The transaction is send to bankruptcy court for approval.

On September 9, 2013, the transaction was approved by the bankrupty court of Sao Paulo. The transaction has already been approved by the secured creditors of Rede Energia. The transaction is now however subject to approval from National Electric Energy Agency. As on October 17, 2013, the Administrative Council for Economic Defense approved the transaction. As of January 28, 2014, the transaction was approved by Agência Nacional de Energia Elétrica (Aneel). The transaction has been approved by the creditors and remains subject to approval by BNDES Participações S/A - BNDESPAR. N M Rothschild & Sons (Brasil) Ltda. acted as financial advisor for Rede Energia.

Partners Thomas Benes Felsberg and Paulo Fernando Campana Filho, and associates Clara Moreira Azzoni, Eduardo Luiz Kawakami, Melina de Almeida Colina Fernandes, Ligia Espolaor Veronese and Tatiana Brenand Bauer in São Paulo of Felsberg e Associados, Raquel Otranto Colangelo, Rogério Carmona Bianco, Luis Gustavo Haddad and Bruno Robert of Lilla Huck, Otranto, Camargo and Donald Baker in São Paulo, partner Richard Kebrdle in Miami and partner John Cunningham in Miami and New York, and associate Thomas MacWright in New York of White & Case LLP acted as legal advisors to Rede Energia.

Flávio Galdino and Bernardo Carneiro, and associate Rafael Pimenta of Galdino e Carneiro Advogados, Henrique Filizzola, Domingos Refinetti and Renato Coelho, and associates Daniela Yuassa, Victoria Mastrobuono and Ingrid Hessling of Stocche Forbes Padis Filizzola and Paulo Casagrande and Caio Mario da Silva Pereira Neto, and associates Fernanda Harari and Joao Paulo Sporl of Pereira Neto Macedo Advogados acted as legal advisor to Energisa.

Luiz Vasco Elias and director Ana Cristina Baptista Campi in São Paulo of Deloitte Touche Tohmatsu Consultores acted as legal advisor to judicial administrator.

Laura Mendes Bumachar and Eduardo Soares of Soares Bumachar Chagas Barros Advogados acted as legal advisors to Fundo de Investimento do Fundo de Garantia do Tempo de Serviço.