Acquisition

Vibra takes 50% of ZEG Biogás e Energia

T&B Petroleum/Press Office
05/07/2022 19:49
Vibra takes 50% of ZEG Biogás e Energia Imagem: Divulgation Visualizações: 2891 (0) (0) (0) (0)

ZEG Biogás, a subsidiary of ZEG Energias Renováveis S.A. and FSL Consultoria Empresarial Ltda., is a company dedicated to offering an environmentally advantageous and commercially viable solution to replace the use of conventional natural gas and other fossil fuels such as diesel oil and LPG. Production can be carried out from the capture and treatment of biogas from landfills or through the biodigestion of different types of agro-industrial residues, such as sugarcane vinasse.


This Operation complements VIBRA's platform of renewable products and services, reinforcing the Company's position of relevance in the process of transition and decarbonization of the Brazilian energy matrix, through the expansion of the supply of cleaner, renewable and sustainable energy. ZEG Biogás has the potential to reach production of more than 2 million m³/day in up to 5 years.


The Transaction will take place through a primary contribution of R$30 million, at the closing of the transaction, and a secondary installment of R$129.5 million, giving Vibra the ownership of 50% of Zeg's capital. Vibra undertakes to invest up to BRL 412 million in the business over the next few years for the execution of new biogas/biomethane projects, of which BRL 206 million would refer to Vibra's 50% stake and the other BRL 206 million would be contributed on behalf of the other partners. These contributions will be conditioned to the effective implementation of the expansion projects and compliance with the minimum attractiveness conditions established in the contract for each project.


VIBRA also negotiated future Purchase Options, at market value, for which, in the first Option, it may hold 70% of the shares representing the share capital of ZEG Biogás and, in the second, hold the entirety of the shares of ZEG Biogás . The eventual acquisition of control of ZEG Biogás, as a result of the possible exercise of these Options, will be subject to the necessary approvals, such as from government authorities, under the terms of the current regulation, including approval at the Company's General Meeting, if necessary.


The effective conclusion of the transaction will be subject to the verification of certain conditions precedent, including obtaining the approval of the Administrative Council for Economic Defense (CADE).

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