By Brazil Stock Guide – Brazil’s antitrust regulator cleared WEG S.A. (WEGE3) to acquire a controlling stake in Tupinambá Energia. The approval by the Administrative Council for Economic Defense (Cade), released on Thursday (04) in the Diário Oficial da União, came without restrictions.
The R$38 million deal, announced in October, grants WEG 54% of Tupinambá’s equity, a share currently held by Bioenergia Barra. Tupinambá develops software and service solutions for electric-vehicle charging networks. In its filing with Cade, WEG said the acquisition “reinforces its commitment to providing a complete solution for the electric-charging market, combining hardware, software, support and advanced digital services.” The company added that integrating platforms will enhance its ability to connect users and charging providers, supporting broader access to infrastructure and accelerating the expansion of electric mobility in Brazil.
Bioenergia Barra stated that the divestment “reflects its interest in focusing on its core activities.”