Davis Polk advised the joint bookrunners on the Rule 144A/Regulation S secondary offering of units, which consisted of common and preferred shares, of Transmissora Aliança de Energia Elétrica S.A. (“Taesa”) by CEMIG and FIP Coliseu for a total of approximately R$1.3 billion (approximately US$416 million).

Taesa is one of the largest Brazilian groups dedicated exclusively to electricity transmission activities in Brazil, in terms of revenue, operating a total of approximately 10,000 kilometers of transmission lines and present in every region of Brazil. Taesa is controlled by CEMIG, which is in turn controlled by the State of Minas Gerais and by FIP Coliseu, a fund created exclusively to hold interest in Taesa.

The Davis Polk corporate team included Manuel Garciadiaz, Elliot M. de Carvalho and Lourenço Lopes-Sabino. The tax team included Rachel D. Kleinberg and Isaac MacDonald. Members of the Davis Polk team are based in the São Paulo, Northern California and New York offices.

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