# Votorantim Energia and CPPIB acquire controlling stake in CESP

A consortium formed by Votorantim Energia and CPPIB acquired 80.2% of common shares and 13.7% of class B preferred shares of Brazilian hydro generator CESP for R$1.7 billion.

- Type: Acquisition
- Announced: 2018-10-22
- Where: São Paulo, Brazil
- Value: $450.0M (1.70B BRL)
- Status: announced
- Products: hydroelectric power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Canada Pension Plan Investment Board](https://endata.com/companies/4245.md) (acquirer)
- [Votorantim Energia](https://endata.com/companies/35032.md) (acquirer)
- [Companhia Energética de São Paulo](https://endata.com/companies/35033.md) (target)

## Sources

- [bnamericas.com](https://www.bnamericas.com/en/news/votorantim-energia-and-cppib-expand-joint-venture-with-acquisition-of-the-controlling-stake-in-cesp), 2018-10-22: "The consortium offered R$14.60 per common and class B preferred share for a 35.6% stake in the company's total share capital, representing a R$1.7 billion investment by the joint venture partners."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.