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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  CPFL Energia S.A.    CPFE3   BRCPFEACNOR0

CPFL ENERGIA S.A.

(CPFE3)
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CPFL Energia S A : Material Fact - Second Stage of the CPFL Renováveis Integration Plan

10/01/2020 | 04:15am EST

CPFL ENERGIA S.A.

CPFL GERAÇÃO DE ENERGIA S.A.

CPFL ENERGIAS RENOVÁVEIS S.A.

Publicly-held Company

Publicly-held Company

Publicly-held Company

CNPJ 02.429.144/0001-93

CNPJ 03.953.509/0001-47

CNPJ 08.439.659/0001-50

NIRE 353.001.861-33

NIRE 353.001.795-95

NIRE 353.003.358-13

MATERIAL FACT

CPFL Energia S.A. ("CPFL Energia") and its subsidiaries CPFL Geração de Energia S.A. ("CPFL Geração") and CPFL Energias Renováveis S.A. ("CPFL Renováveis") inform, in continuity with the communication made through Material Fact dated of May 21st, 2019, that they concluded, on this date, the second stage of the CPFL Renováveis integration plan through the Corporate Restructuring of the CPFL Group companies ("Corporate Restructuring") (i) the partial spin-off of CPFL Geração with the version of its collection spun-off net for CPFL Renováveis; (ii) the full merger, into CPFL Renováveis, of CPFL Centrais Geradoras Ltda. ("CPFL Centrais Geradoras") and (iii) the capital increase of CPFL Renováveis through the payment of credits by CPFL Geração.

The Corporate Restructuring was approved by the Agência Nacional de Energia Elétrica ("ANEEL") on September 22nd, 2020, through Authorizing Resolutions No. 9.229/2020 and No. 9.230/2020, as well as the proposal was evaluated and approved internally by the Board of Executive Officers and Board of Directors of the companies involved. The new structure strengthens the administrative structures and brings synergies to the group.

As a result of the Corporate Restructuring and as a result of the operations:

  1. The Capital Stock of CPFL Renováveis now amounts to R$ 4,032,291,914.16 (four billion, thirty-two million, two hundred and ninety-one thousand, nine hundred and fourteen reais and sixteen cents), divided into 593,782,504 ( five hundred and ninety-three million, seven hundred and eighty-two thousand, five hundred and four) common shares, fully subscribed and paid in;
  2. The Capital Stock of CPFL Geração is now R$ 935,782,718.80 (nine hundred and thirty- five million, seven hundred and eighty-two thousand, seven hundred and eighteen reais and eighty cents), divided into 181,789,018,844 (one hundred eighty-one billion, seven hundred eighty-nine million, eighteen thousand, eight hundred and forty-four) common shares, fully subscribed and paid in;
  3. There is the extinction of CPFL Centrais Geradoras, with its succession by CPFL Renováveis.

Information regarding the restructuring will be available on the CVM website (www.cvm.gov.br) and on the CPFL Energia website (www.cpfl.com.br/ri).

Campinas, September 30th, 2020.

YueHui Pan

Chief Financial and Investor Relations Executive Officer

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CPFL Energia SA published this content on 30 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 October 2020 08:14:02 UTC


© Publicnow 2020
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Sales 2020 28 147 M 5 325 M 5 325 M
Net income 2020 3 176 M 601 M 601 M
Net Debt 2020 14 168 M 2 680 M 2 680 M
P/E ratio 2020 11,9x
Yield 2020 5,70%
Capitalization 37 149 M 7 077 M 7 028 M
EV / Sales 2020 1,82x
EV / Sales 2021 1,74x
Nbr of Employees 9 716
Free-Float 16,3%
Chart CPFL ENERGIA S.A.
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CPFL Energia S.A. Technical Analysis Chart | CPFE3 | BRCPFEACNOR0 | MarketScreener
Technical analysis trends CPFL ENERGIA S.A.
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 37,18 BRL
Last Close Price 32,24 BRL
Spread / Highest target 27,8%
Spread / Average Target 15,3%
Spread / Lowest Target -3,85%
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NameTitle
Gustavo Estrella Chief Executive Officer & Director
Bo Wen Chairman
Luís Henrique Ferreira Pinto Vice President-Regulated Operations
Yue Hui Pan Chief Financial Officer & IR Officer
Antonio Kandir Independent Director
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