Equatorial and CPFL acquire ailing Rede group

Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados and Machado, Meyer, Sendacz e Opice Advogados have helped Equatorial Energia and CPFL Energia agree to acquire the beleaguered Rede group, owner of a number of electricity distributors, as part of a wider debt restructuring which is thought to be the largest and most complex since Brazil’s bankruptcy law was enacted in 2005.

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