COPEL closes Baixo Iguaçu sale for R$1,683.3M; cash credited
Companhia Paranaense de Energia (COPEL) completed the divestment of the Baixo Iguaçu Hydroelectric Plant to ENERGO-PRO Brasil Holding S.A.
Rhea-AI Filing Summary
Companhia Paranaense de Energia (COPEL) completed the divestment of the Baixo Iguaçu Hydroelectric Plant to ENERGO-PRO Brasil Holding S.A. The equity value of the transaction totaled R$ 1,683.3 million. Of this, R$ 155.4 million was paid in February 2025, R$ 1,517.9 million was credited on October 22, 2025, and R$ 10.0 million will be released after certain post-closing steps.
The sale was executed by wholly-owned subsidiary Copel Geração e Transmissão S.A. after all precedent conditions and regulatory approvals were satisfied. The company describes the completion as reinforcing its asset recycling strategy and its focus on generating consistent returns for shareholders.
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Insights
COPEL closed the Baixo Iguaçu sale, with most cash received.
COPEL, via subsidiary Copel GeT, finalized the divestment of the Baixo Iguaçu Hydroelectric Plant to ENERGO-PRO Brasil. The equity value is R$ 1,683.3 million, reflecting a staged payment structure.
Payments include R$ 155.4 million in February 2025, R$ 1,517.9 million credited on October 22, 2025, and R$ 10.0 million pending post-closing steps. The company states this outcome supports its asset and minority interest recycling approach.
The final R$ 10.0 million depends on completing post-closing steps. Actual financial impact will be clearer as subsequent disclosures detail deployment of proceeds and any follow-on capital allocation.
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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 1-14668
COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
Energy Company of Paraná
(Translation of Registrant's name into English)
José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011
(Address of principal executive offices)
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____
MATERIAL FACT | 10/25 COMPANHIA PARANAENSE DE ENERGIA – COPEL CNPJ/ME 76.483.817/0001-20 – NIRE 41300036535 – Registro CVM 1431-1 B3 (CPLE3, CPLE5, CPLE6) NYSE (ELP, ELPC) LATIBEX (XCOP, XCOPO) Closing of the Divestment in the Baixo Iguaçu Hydroelectric Plant COPEL (“Company”) hereby informs its shareholders and the market in general, in continuation of Material Facts No. 01/25 and 05/25, dated February 21, 2025, and June 30, 2025, respectively, that Copel Geração e Transmissão S.A. (“Copel GeT”), a wholly-owned subsidiary of the Company, has completed the divestment of the Baixo Iguaçu Hydroelectric Plant to ENERGO-PRO BRASIL HOLDING S.A., after fulfilling all precedent conditions and obtaining approvals from the competent authorities. The equity value of the transaction totaled R$ 1,683.3 million. Of this amount, R$ 155.4 million was paid in February 2025; R$ 1,517.9 million was credited today; and the remaining R$ 10.0 million will be released as soon as certain post-closing steps are completed. The completion of the transaction highlights the company's agility and efficiency in recycling assets and minority interests, reinforcing its ability to capture value and generate consistent returns for its shareholders. Curitiba, October 22, 2025 Felipe Gutterres Vice-President of Financial and Investor Relations For further information, please contact the Investor Relations team: ri@copel.com or (41) 3331-4011
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 22, 2025
| COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
| By: |
/S/ Daniel Pimentel Slaviero |
|
| Daniel Pimentel Slaviero Chief Executive Officer |
||
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.