Terna Completes Sale of Brazilian Asset to CDPQ
Deal News | Nov 25, 2024 | Legal Community Italy
DLA Piper assisted Terna in the completion of the third closing for the sale of SPE Transmissora de Energia Linha Verde I, a Brazilian electric line asset, to CDPQ Group. This transaction, with an equity value of approximately €79 million, is part of a divestment agreement by Terna dated April 29, 2022, to divest its South American subsidiaries. DLA Piper previously supported Terna in the sale of three Brazilian electric lines in the same year. The legal team from Terna, led by Mario Percuoco and including Daniela Carria, Francesco Guidotti, and Davide Tom, executed the transaction.
Sectors
- Energy
- Legal Services
Geography
- Italy – Terna is an Italian company, and the transaction is facilitated by DLA Piper's Italian legal team.
- Brazil – The asset involved in the transaction, SPE Transmissora de Energia Linha Verde I, is located in Brazil.
Industry
- Energy – The transaction involves Terna and CDPQ, companies active in the energy sector, particularly focusing on electricity transmission in Brazil.
- Legal Services – DLA Piper, a law firm, assisted Terna with legal services in the asset sale, showcasing the involvement of the legal industry.
Financials
- €79 million – Equity value of the transaction for the sale of the Brazilian electric line company to CDPQ.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Terna | Vendor | Company | Italian electricity transmission system operator selling its Brazilian asset. |
| CDPQ Group | Bidding Company | Company | Canadian investment group acquiring the Brazilian energy company from Terna. |
| SPE Transmissora de Energia Linha Verde I | Target company | Company | Brazilian company owning an electric line, being sold to CDPQ. |
| DLA Piper | Legal Advisor | Company | Global law firm providing legal assistance to Terna in the transaction. |
| Mario Percuoco | Member of Terna's Legal Team | Person | Led the legal team at Terna for the transaction. |
| Daniela Carria | Member of Terna's Legal Team | Person | Part of Terna's legal team handling the transaction. |
| Francesco Guidotti | Member of Terna's Legal Team | Person | Part of Terna's legal team handling the transaction. |
| Davide Tom | Member of Terna's Legal Team | Person | Part of Terna's legal team handling the transaction. |
| Dino Dima | Partner at DLA Piper | Person | Led the DLA Piper team advising Terna. |
| Simone Castelli | Attorney at DLA Piper | Person | Part of the DLA Piper team advising Terna. |
| Andrea Ferrara Fierro | Attorney at DLA Piper | Person | Part of the DLA Piper team advising Terna. |