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Dec 21,2017
Abengoa Statement

December 21, 2017

Today, global alternative asset firm TPG announced it has signed a definitive agreement to acquire Abengoa SA’s Brazil operational transmission assets. As determined in court auction on December 13, 2017, TPG has agreed to pay R$482 million in cash. Completion of the transaction is subject to customary approvals by the National Electric Energy Agency (Aneel), the National Bank for Economic and Social Development (BNDES), Banco da Amazônia (BASA) and debenture holders.

TPG is a global investor with a track record of navigating complex transactions. We have a long history of investing in emerging and fast growing markets, partnering with companies to overcome challenges unique to their specific industry or market.

The businesses that have been acquired are long-term strategic assets that represent an important part of Brazil’s energy transmission network. We look forward to supporting these companies through this restructuring and ensuring they continue to meet all operational and regulatory requirements. This transaction marks an important step for TPG in Brazil, a region in which we will continue to evaluate and pursue opportunities for investment.