Bloomberg News

MPX Proposes to Pay 3.45 Reais Per Bond If CCX Spin Off Approved

February 07, 2012

Feb. 7 (Bloomberg) -- MPX Energia SA said it will propose an extra payment of 75 million reais to holders of its local bonds, or 3.45 reais per security, in case its CCX unit spin off is approved, as part of its agreement with EON AG, the company said in a regulatory filing.

MPX will call an extraordinary bondholders meeting to analyse the proposal, according to the statement.

To contact the reporter on this story: Fabiola Moura in New York at fdemoura@bloomberg.net

To contact the editor responsible for this story: Helder Marinho at hmarinho@bloomberg.net


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