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    Light S.A. announces that its Board of Directors and Light Energia's shareholders have authorized Light Energia, a wholly-owned Light S.A. subsidiary, to acquire 51% of Guanhães Energia for R$25 million. Guanhães Energia has licenses to generate hydroelectric energy from four plants with total installed capacity of 44MW located in Minas Gerais. The acquisition is subject to regulatory approval and will be submitted for antitrust review.

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    Light S.A. announces that its Board of Directors and Light Energia's shareholders have authorized Light Energia, a wholly-owned Light S.A. subsidiary, to acquire 51% of Guanhães Energia for R$25 million. Guanhães Energia has licenses to generate hydroelectric energy from four plants with total installed capacity of 44MW located in Minas Gerais. The acquisition is subject to regulatory approval and will be submitted for antitrust review.

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    7 views2 pages

    Guanh

    Uploaded by

    LightRI
    Light S.A. announces that its Board of Directors and Light Energia's shareholders have authorized Light Energia, a wholly-owned Light S.A. subsidiary, to acquire 51% of Guanhães Energia for R$25 million. Guanhães Energia has licenses to generate hydroelectric energy from four plants with total installed capacity of 44MW located in Minas Gerais. The acquisition is subject to regulatory approval and will be submitted for antitrust review.

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    LIGHT S.A. Corporate Taxpayer ID (CNPJ/MF): 03.378.521/0001-75 Company Registry (NIRE): 33.300.263.

    16-1 Publicly-held Company


    MATERIAL FACT Light S.A. (Company), in compliance with the Brazilian Securities and Exchange Commission (CVM) Rule 358, of January 3, 2002, hereby announces to its shareholders and the market in general that the Companys Board of Directors Meeting held on February 10, 2012, as well as the Shareholders Meeting of Light Energia S.A. (Light Energia) held on the same date, authorized Light Energia, closely-held and wholly-owned subsidiary, to acquire 26,520,000 common shares from Guanhes Energia S.A. (Guanhes Energia),

    corresponding to 51% of interest in its capital stock, for twenty-five million reais, on date base of May 2011, restated at the Extended Consumer Price Index (IPCA) until the conclusion of the operation. Guanhes Energia is a special-purpose entity authorized for a 30-year period, possible to be extended, to generate hydraulic electric energy under an independent production system, by using four hydraulic potentials located at Guanhes and Corrente Grande rivers (Rio Doce Basin), in the cities of Guanhes, Virginpolis and Dores de Guanhes, in the state of Minas Gerais. The Small Hydroelectric Plants (PCHs) Dores de Guanhes, Fortuna II, Jacar and Senhora do Porto, together, have installed capacity of 44 MW and 25.03 averageMW of assured energy. The first PCH shall start its commercial operations in October 2013 and the last one shall start in February 2014. Installation licenses have already been issued and estimated investment in the construction of PCHs amounts to R$269.2 million in current currency, R$118.0 million of which corresponding to capital contribution from shareholders equity of Guanhes Energia, while Light Energia invested R$60.2 million.

    The aforementioned acquisition is subject to previous approval of the Brazilian Electricity Regulatory Agency (ANEEL) and shall be submitted to the Brazilian Antitrust Authority (CADE), in accordance with Law 8,884/94.

    Rio de Janeiro, February 10, 2012

    Joo Batista Zolini Carneiro Chief Financial and Investor Relations Officer

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