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MARKET ANNOUNCEMENT |
CENTRAIS ELETRICAS BRASILEIRAS S/A
CNPJ: 00.001.180/0001-26
PUBLIC COMPANY
Centrais Elétricas Brasileiras S/A (“Companhia” or “Eletrobras”) hereby informs its shareholders and the market in general that took notice of a decision rendered today by the 2nd Federal Civil Court of the Judicial Branch of Piauí (SJPI), suspending the effects of the Extraordinary General Meeting held by Companhia Energética do Piauí ("Cepisa"), which resolved to sell the shares in full, less 1 (one) common share on March 21, 2018, alleging that there was an absence of participation representative of Eletrobras at the EGM. This decision excludes CEPISA from the privatization process until the alleged addiction is remedied. The process 1000564-92.2018.4.01.4000 was proposed by the Union of workers in the Urban Industries of the State of Piauí in face of Eletrobras.
Eletrobras clarifies that it was represented in the aforementioned EGM of Cepisa.
In addition, Eletrobras also took cognizance, on this date, of the public civil action (process nº 0076545-15.2018.4.02.5101 (2018.51.01.076545-3)), proposed by the Association of Employers of Eletrobras - ("Aeel"), in face of the Brazilian Social Economic Development National Bank ("BNDES"), before the 19th Federal Court of Rio de Janeiro, in which emergency protection was granted to suspend the bidding process of the 6 (six) Eletrobras distribution companies: Companhia Boa Vista Energia S.A., Companhia Energética de Alagoas, Companhia Energética do Piauí, Centrais Elétricas de Rondônia S.A., Companhia de Eletricidade do Acre S.A. and Amazonas Distribuidora de Energia.
Due to the decision handed down by the 19th Federal Court of Rio de Janeiro, the BNDES released on this date the relevant communication No. 02/2018, which suspends the call notice of the auction No. 2/2018-PPI/PND sine die.
Eletrobras is evaluating the scope and possible impacts of these decisions on the privatization process of the distributors and will adopt all necessary measures to safeguard the continuation of the privatization process.
Rio de Janeiro, July 12, 2018.
Armando Casado de Araujo
CFO and Investor Relations Officer
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS | ||
By: |
/S/ Armando Casado de Araujo
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Armando Casado de Araujo
Chief Financial and Investor Relation Officer |
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.