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Companhia Paranaense de Energia Pfd ( (ELP) ) has issued an announcement.
In February 2025, COPEL announced the exercise of its right of first refusal to acquire a 70% stake in the Baixo Iguaçu Hydroelectric Power Plant owned by Neoenergia S.A. for R$ 984 million. Subsequently, it entered into an agreement to sell this stake, along with its own 30% minority interest, to DK Holding Investments for a total of R$ 1,554 million. This strategic move aligns with COPEL’s ongoing efforts to optimize its asset portfolio and enhance operational efficiency. The transaction’s completion is subject to customary conditions and regulatory approvals.
More about Companhia Paranaense de Energia Pfd
Companhia Paranaense de Energia, also known as COPEL, is an energy company based in Paraná, Brazil. It operates in the energy sector, focusing on the generation, transmission, and distribution of electricity. The company is publicly traded on multiple stock exchanges including B3, NYSE, and LATIBEX, indicating a broad market focus.
YTD Price Performance: 20.64%
Average Trading Volume: 278,638
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $5.1B
See more insights into ELP stock on TipRanks’ Stock Analysis page.
