Eletrobras (NYSE: EBR) to receive R$476.5m selling full EMAE stake to SABESP

Rhea-AI Filing Summary

Centrais Elétricas Brasileiras S.A. – Eletrobras reported that it signed a purchase and sale agreement to sell its entire equity interest in Empresa Metropolitana de Águas e Energia S.A. (EMAE) to SABESP.

The stake corresponds to 14,856,900 preferred shares at a price of R$32.07 per share, for total consideration of R$476.5 million, with the possibility of additional future earnout payments. The company states that this transaction reinforces its strategy to simplify its corporate structure and improve capital allocation efficiency under its Strategic Plan.

Insights

Equity & Corporate Strategy Analyst

Eletrobras divests its EMAE stake for R$476.5 million, aligning with its streamlining strategy.

Eletrobras is selling all 14,856,900 preferred shares it holds in EMAE to SABESP at R$32.07 per share, for total consideration of about R$476.5 million. The agreement also allows for potential future earnout payments, which could add contingent value depending on agreed conditions.

The company links this divestment directly to its Strategic Plan, emphasizing simplification of its corporate structure and more efficient capital allocation. This signals an effort to focus resources on core energy operations while monetizing non-core equity holdings.

Overall, this is a strategic portfolio adjustment rather than a transformational event. Future disclosures may clarify the timing and conditions of any earnout payments and how the proceeds are deployed within Eletrobras’ broader investment and financing plans.

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FAQ

What transaction did Eletrobras (EBR) announce involving EMAE?

Eletrobras announced the sale of its entire equity interest in EMAE to SABESP. The company signed a purchase and sale agreement to transfer all EMAE preferred shares it holds, as part of a broader effort to streamline its structure and optimize capital allocation.

How many EMAE shares is Eletrobras (EBR) selling and at what price?

Eletrobras is selling 14,856,900 EMAE preferred shares at R$32.07 per share. This agreed price per share determines the base cash consideration, which totals R$476.5 million, excluding any potential additional earnout amounts contemplated in the agreement.

What is the total transaction value of Eletrobras’ (EBR) EMAE stake sale?

The announced transaction value is R$476.5 million for Eletrobras’ EMAE stake. This amount reflects the sale of 14,856,900 preferred shares at R$32.07 per share, with the agreement also providing for possible future earnout payments on top of this base value.

Who is buying Eletrobras’ (EBR) stake in EMAE?

Companhia de Saneamento Básico do Estado de São Paulo – SABESP is acquiring the stake. SABESP agreed to purchase all EMAE preferred shares held by Eletrobras, consolidating ownership while Eletrobras advances its strategic objective of simplifying its corporate structure and reallocating capital.

How does the EMAE sale support Eletrobras’ (EBR) strategic plan?

Eletrobras states the EMAE sale reinforces its Strategic Plan goals. The company highlights that divesting this equity interest helps simplify its organizational structure and improve capital allocation efficiency, indicating a continued focus on portfolio rationalization and prioritization of core business activities.

Does the Eletrobras (EBR)–EMAE deal include potential earnout payments?

Yes, the transaction includes the possibility of future earnout payments. In addition to the R$476.5 million base consideration, the agreement contemplates contingent payments that may be triggered by future conditions defined between Eletrobras and SABESP.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of October, 2025

Commission File Number 1-34129

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS

(Exact name of registrant as specified in its charter)

BRAZILIAN ELECTRIC POWER COMPANY

(Translation of Registrant's name into English)

Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

 

EMAE

Rio de Janeiro, October 5, 2025, Centrais Elétricas Brasileiras S/A – Eletrobras informs that, on this date, it has entered into a purchase and sale agreement with Companhia de Saneamento Básico do Estado de São Paulo – SABESP for the sale of its entire equity interest in Empresa Metropolitana de Águas e Energia S.A. – EMAE, corresponding to 14,856,900 preferred shares, at a price of R$32.07 per share, totaling R$476.5 million. The transaction includes the possibility of future earnout payments.

The transaction reinforces Eletrobras' commitment to simplifying its structure and improving capital allocation efficiency, as set forth in its Strategic Plan.

Eduardo Haiama

Vice President of Finance and Investor Relations

Este documento pode conter estimativas e projeções que não são declarações de fatos ocorridos no passado, mas refletem crenças e expectativas de nossa administração e podem constituir estimativas e projeções sobre eventos futuros de acordo com Seção 27A do Securities Act de 1933, conforme alterado, e Seção 21E do Securities and Exchange Act de 1934, conforme alterado. As palavras “acredita”, “poderá”, “pode”, “estima”, “continua”, “antecipa”, “pretende”, “espera” e similares têm por objetivo identificar estimativas que necessariamente envolvem riscos e incertezas, conhecidos ou não. Riscos e incertezas conhecidos incluem, mas não se limitam a: condições econômicas, regulatórias, políticas e comerciais gerais no Brasil e no exterior, variações nas taxas de juros, inflação e valor do Real, mudanças nos volumes e padrão de uso de energia elétrica pelo consumidor, condições competitivas, nosso nível de endividamento, a possibilidade de recebermos pagamentos relacionados a nossos recebíveis, mudanças nos níveis de chuvas e de água nos reservatórios usados para operar nossas hidrelétricas, nossos planos de financiamento e investimento de capital, regulamentações governamentais existentes e futuras, e outros riscos descritos em nosso relatório anual e outros documentos registrados perante CVM e SEC. Estimativas e projeções referem-se apenas à data em que foram expressas e não assumimos nenhuma obrigação de atualizar quaisquer dessas estimativas ou projeções em razão da ocorrência de nova informação ou eventos futuros. Os resultados futuros das operações e iniciativas das Companhias podem diferir das expectativas atuais e o investidor não deve se basear exclusivamente nas informações aqui contidas. Este material contém cálculos que podem não refletir resultados precisos devido a arredondamentos realizados.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 10, 2025

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:	/S/ Eduardo Haiama
	Eduardo Haiama Vice-President of Finance and Investor Relations

FORWARD-LOOKING STATEMENTS

This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.