OREANDA-NEWS. MPX Energia announces that E.ON SE concluded the acquisition of 24.5% of MPX’s capital stock from Mr. Eike Batista. The transaction represents the first step of the investment agreement that both companies signed in March this year. E.ON acquired 141,544,637 MPX shares for a total transaction amount of BRL 1.415 billion (the final value of the transaction may reach up to BRL 1.557 billion, according to the adjustment mechanism included in the agreement), becoming the holder of 36.2% of MPX’s capital stock on a fully-diluted basis.

Additionally, E.ON and Eike Batista executed a Shareholders’ Agreement, which has been filed at MPX headquarters, to regulate the exercise of their voting rights and the restrictions on the transfer of MPX shares held by them.

Today we had an important milestone that confirms the quality of MPX’s assets and represents a decisive step in structuring a new company, in which E.ON will have a key role. The strength brought by E.ON will clearly turn MPX into an even more efficient and distinct company, in order to expand its representation in the Brazilian market”, said Eike Batista, President of EBX Group and MPX’s Chairman of the Board.

E.ON CEO Johannes Teyssen said of the deal: “The closing of the first step of our investment agreement increases our engagement in Brazil’s attractive power market at a fair price. Enlarging our position will accelerate the earnings flow to E.ON and give MPX the financial strength to fully exploit its pipeline of generation projects, which will create significant value for MPX as well as E.ON.”

As a second step of the investment agreement, MPX will carry out a public capital increase of at least BRL 1.2 billion, in which E.ON has committed to invest its pro-rate share of BRL 366.7 million. The company expects the first filing to be made shortly and the shareholders will be kept duly informed.

Finally, the existing MPX-E.ON 50/50 joint venture company, which was created in April 2012, will be merged into MPX at book value.