… EBITDA this year since our IPO in 2019, R$2.6 … the consolidation of the transmission CPFL numbers with a $121 … and reinforcements and improvements in CPFL transmission. Finally, the trading and … we have the impact of CPFL transmission with the consolidation. …

… services, good performance of CPFL services and CPFL efficiency. Here in Slide … due to the integration of CPFL renewables [Indecipherable] to the group. … times and now after the IPO 2.5 times and now … to have a combination of CPFL with State Grid transmission …

… is available at CPFL Energia Investor Relations website, cpfl.com.er… about the delisting tender of CPFL Renovaveis is registered with CVM … because of its 2019 Re-IPO R$3.7 billion. … were virtually offset. As for CPFL Renovaveis, EBITDA increased 16.1% due …

… CPFL Renovaveis into CPFL Energia. Already announced to the market during our re-IPO … December. And today, CPFL Renovaveis is already fully … important process in CPFL Renovaveis of debt replacement. … the integration of CPFL Renovaveis and CPFL Energia, minus R …

… coming from the IPO and the CPFL cash that reached … with the completion of CPFL Renováveis shares acquisition, we are … is Fernando speaking about CPFL Renováveis. To address your first … at the moment, integrating CPFL Renováveis and CPFL Energia processes. We …

… the offering of the IPO, the net debt would … cost of debt for CPFL Renováveis and CPFL Renováveis has issued debentures … the integration of CPFL Renováveis into the CPFL Energia group. This … concentrate the share of CPFL Renováveis and CPFL Energia, so that …

… mention the tariff reviews, especially CPFL Paulista and RGE Sul, and … also had the auction for CPFL Renováveis, controlling 99.94% of the … .94% of the shares of CPFL Renováveis. Now, going to slide … processes, both MTO or re-IPO? And what you would have …

… BTG Pactual SA and utility CPFL Energia SA, among others, plan … company Neoenergia SA in a initial public offering by July. It has also …