Investor Presentaiton
Current
Free Float
of CESP
With the acquisition of this interest, subsidiary Altre obtained control of
Jaguatirica Empreendimentos Imobiliários SPE S.A (Jaguatirica), owner of
the Atlas Office Park project, which became part of the consolidated finan-
cial statements of the subsidiary Altre. The table below shows the balances
included in the consolidation:
Jaguatirica Empreendimentos Imobiliários
Financial investments
Trade receivables
Inventory of properties for sale
Other assets
Property, plant and equipment
Intangible assets
Taxes payable
Other liabilities
Deferred income tax and social contribution
Assets and liabilities, net
Current Structure
VOTORANTIM
Post Transation Structure
Shareholders agreement
Shareholders agreement
VOTORANTIM
energia
CPP Investments
VOTORANTIM
CPP Investments
50% 50%
VTRM
Current
Free Float
of CESP
11/30/2021
1
12
194
10
1
Nova
VTRM MERCADO
100%
NOVO
40%
60%
5
1
1
CESP
NIVEL 1
EMPROVESPA
CESP
Assets of
VTRM
4
218
Assets of
Votorantim
Energial
(hh) Corporate restructuring resulting from the Operations
VTRM and CESP - VGE
On October 18, 2021, the Company and the Canada Pension Plan Investment
Board (CPP Investments) announced their intention to consolidate energy
assets in Brazil, which will have shares listed on B3's Novo Mercado.
As part of the reorganization process, the companies of the Votorantim
group: CBA, Votorantim Cimentos and Nexa Resources will assume the ma-
nagement of their energy self-production assets that are currently under
the administration of Votorantim Energia, and will include several steps.
Below is a breakdown of the steps taken throughout 2021.
The table below shows how this corporate restructuring transaction will
take place:
The consolidation is intended to take place through two main transactions
and will comprise several steps, which we detail below.
VTRM Transaction:
(a) Creation of CESP's independent Committee
On October 21, 2021, CESP's Board of Directors approved the creation
of a special independent Committee (Committee) which, in compliance
with the guidelines provided for in the Guidance Opinion of the Securities
Commission n° 35, has the function of negotiating the transaction of cor-
porate reorganization proposed in a non-binding manner by VSA and CPP
Investments for the merger of all shares issued by CESP into VTRM.
The Committee is composed of: (a) an administrator chosen by the majority
of the Board of Directors; (b) a director elected by the non-controlling sha-
reholders; and (c) a third party, administrator or not, chosen jointly by the
other two members. The resolutions already issued by the Committee are
described in Note 36 - Subsequent Events.
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