Client Highlight: State Grid International Development Limited

Client Highlight: State Grid International Development Limited

Guided by S&C, State Grid International Development Limited acquires stake in CPFL Energia S.A.

S&C represented State Grid International Development Limited in its acquisition of an approximately 54.64 percent stake in CPFL Energia S.A. from Camargo Correa S.A. and Brazilian pension funds Caixa de Previdência dos Funcionários do Banco do Brasil – PREVI, Fundação CESP, SISTEL - Fundação Sistel de Seguridade Social, Fundação Petrobras de Seguridade Social – PETROS and Fundação SABESP de Seguridade Social — SABESPREV. S&C continues to represent State Grid in connection with its currently expected cash tender offer for the remaining common shares of CPFL Energia S.A. that it does not already own.