Centrais Eletricas do Norte do Brasil S.A. agreed to acquire Amazonas Geracao E Transmissao De Energia S.A from Eletrobras Participações S.A. - Eletropar (BOVESPA:LIPR3) for BRL 3.1 billion on December 17, 2019. Under the terms of the transaction, the transfer of Amazonas Geracao E Transmissao De Energia S.A’s shares from Eletrobras to Eletronorte will be made through Donation in Payment, where Eletrobras will pay off its debt to Eletronorte, transferring all Amazonas Geracao E Transmissao De Energia S.A shares to Eletronorte. The debt balance as at December 31, 2018 is BRL 2.9 billion and the cash amount to be paid by ELN is BRL 194.18 million. Considering that there is a difference between the balance of Amazonas Geracao E Transmissao De Energia S.A amounts and the debt due to Eletronorte, and Amazonas Geracao E Transmissao De Energia S.A’s amount exceeds the debt due by Eletrobras to Eletronorte, Eletronorte shall pay the residual amount. The transaction is subject to approval from the shareholders of Centrais Eletricas do Norte do Brasil S.A. On January 31, 2020, the transaction was approved at the at the 176th Shareholders’ Extraordinary General Meeting. Deloitte Touche Thomatsu Consultores Ltda. acted as due diligence provider to Centrais Eletricas do Norte do Brasil S.A.