Vibra (VBBR3) completes acquisition of fifty% of Zeg Biogás for BRL 160 million

Vibra (VBBR3) completes acquisition of fifty% of Zeg Biogás for BRL 160 million

Acquired company works on the development of clean alternatives to natural gas, mainly biogas and biomethane

Vibra (VBBR3) informed the market this Monday morning (19) that it concluded the acquisition of ZEG Biogás – previously announced in early July this year.

“After complying with all conditions precedent, including the approval of the Administrative Council for Economic Defense (“CADE”), Vibra concluded, on September 16, 2022, the closing of the transaction with ZEG Biogás e Energia SA”, it says. the relevant fact.

The acquisition totaled an expense of R$ 160 million, divided between R$ 129.5 million in the purchase of the company’s shares and R$ 30 million referring to a primary investment. Vibra, in addition, committed to invest R$ 412 million in the company, focused on the execution of biogas and biomethane projects.

Vibra (VBBR3) informed the market this Monday morning (19) that it concluded the acquisition of ZEG Biogás – previously announced in early July this year.

“After complying with all conditions precedent, including the approval of the Administrative Council for Economic Defense (“CADE”), Vibra concluded, on September 16, 2022, the closing of the transaction with ZEG Biogás e Energia SA”, it says. the relevant fact.

The acquisition totaled an expense of R$ 160 million, divided between R$ 129.5 million in the purchase of the company’s shares and R$ 30 million referring to a primary investment. Vibra, in addition, committed to invest R$ 412 million in the company, focused on the execution of biogas and biomethane projects.

“With the aforementioned closing, Vibra became a partner of ZEG, holding 50% of its share capital. This operation aims to complement the company’s platform of renewable products and services, as another step towards insertion in the process of transition and decarbonization of the Brazilian energy matrix”, defends Vibra.

ZEG Biogás is a company that seeks to provide cleaner, commercially viable solutions for replacing natural gas and other fossil fuels.

Vibra, in addition to the purchase of 50% of the capital, also left two future purchase options open, at market value. In the first, the company may hold 70% of the shares representing the share capital of ZEG Biogás and, in the second, hold the entirety of the shares.

Source: Infomoney

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