DivestmentJun 25, 2026, 02:06 PM
Copel to Divest Stake in Dona Francisca Energética S.A. to Gerdau
AI Summary
Companhia Paranaense de Energia (Copel) announced that its Board of Directors has resolved to divest its stake in Dona Francisca Energética S.A. (DFESA) to Gerdau S.A. This decision follows the Board's determination not to exercise preemptive rights to acquire additional shares in DFESA from Centrais Elétricas de Santa Catarina (Celesc), as the opportunity did not meet Copel's minimum profitability criteria. The divestment to Gerdau is based on a binding offer and aligns with Copel's capital allocation guidelines.
Key Highlights
- Copel's Board of Directors met on June 15, 2026, via videoconference.
- The Board decided not to exercise preemptive rights to acquire Celesc's shares in Dona Francisca Energética S.A. (DFESA).
- The acquisition opportunity did not meet Copel’s minimum profitability criteria.
- The Board resolved to proceed with the divestment of Copel’s equity interest in DFESA.
- Gerdau S.A. submitted a binding proposal to acquire Copel's stake in DFESA.
- The decision was based on a favorable recommendation from the Executive Board and Investment and Innovation Committee.
Price Impact
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