Albioma Participações do Brasil entered into an agreement to acquire 65% stake in Codora Energia from Jalles Machado S.A. on April 16, 2015. This acquisition will be financed by a combination of local debt 50% and shareholders' equity 50%. The acquisition is subject to conditions precedent. The acquisition is expected to close during the second half of 2015.

Albioma Participações do Brasil completed the acquisition of 65% stake in Codora Energia from Jalles Machado S.A. on August 4, 2015. Jalles Machado will retain a 35% stake in Codora Energia.