Copel (NYSE: ELPC) agrees sale of 23.03% DFESA hydro stake at R$150m EV

Rhea-AI Filing Summary

Companhia Paranaense de Energia (Copel) is selling its entire 23.03% equity stake in Dona Francisca Energética S.A. (DFESA), which participates in operating the Dona Francisca Hydroelectric Plant. The sale is based on an enterprise value of R$ 150.0 million, with the price to be paid in a single installment at closing.

The closing will occur only after customary conditions precedent are met, including required corporate and regulatory approvals. Copel explains that this divestment supports its strategy of simplifying its corporate structure, focusing on larger assets where it has control or significant influence, and aiming to generate value for shareholders.

Insights

Infrastructure & Utilities Analyst

Copel continues portfolio reshaping with a focused hydro stake sale.

Copel is divesting its 23.03% interest in DFESA, tied to the Dona Francisca Hydroelectric Plant, using an enterprise value reference of R$ 150.0 million. Proceeds are to be received in a single installment at closing, subject to corporate and regulatory approvals.

This move aligns with Copel’s strategy to concentrate on larger assets where it holds control or significant influence. It simplifies the corporate structure and reduces exposure to non-core participations. Actual financial impact will depend on final pricing mechanics and the timing of closing.

Regulatory and corporate approvals are key dependencies before cash is realized. Subsequent company communications may clarify how the funds are allocated within Copel’s broader investment and capital management plans.

Key Figures

DFESA stake sold: 23.03% of share capital Enterprise value reference: R$ 150.0 million Payment structure: Single installment

3 metrics

DFESA stake sold 23.03% of share capital Equity interest in Dona Francisca Energética S.A.

Enterprise value reference R$ 150.0 million Enterprise value basis for DFESA in the transaction

Payment structure Single installment Full amount due at closing of the transaction

Key Terms

Share Purchase Agreement, enterprise value, conditions precedent, forward-looking statements

4 terms

Share Purchase Agreement financial

"entered into a Share Purchase Agreement (“SPA”) with Gerdau S.A."

A share purchase agreement is a written contract that outlines the terms and conditions for buying and selling shares of a company. It specifies details like the price, number of shares, and any special conditions, ensuring both buyer and seller agree on the transaction. For investors, it provides clarity and legal protection, making sure the purchase is clear and enforceable.

enterprise value financial

"based on an enterprise value of R$ 150.0 million"

Enterprise value is the total worth of a company, reflecting what it would cost to buy the entire business. It includes the company's market value plus any debts, minus its cash holdings, offering a comprehensive picture of its true value. Investors use it to compare companies regardless of their capital structures, helping them assess how much they would need to pay to acquire the business.

conditions precedent financial

"subject to the fulfillment of customary conditions precedent for this type of transaction"

Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.

forward-looking statements regulatory

"This press release may contain forward-looking statements."

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What stake in DFESA is Copel selling according to ELPC’s 6-K?

Copel is selling its entire 23.03% equity interest in Dona Francisca Energética S.A. This company is a shareholder in the consortium operating the Dona Francisca Hydroelectric Plant, making the transaction a divestment of a minority hydro generation stake.

What is the transaction value for Copel’s DFESA stake sale?

The deal is based on an enterprise value of R$ 150.0 million for DFESA. The total amount due to Copel will be paid in a single installment at closing, with the final structure still subject to customary transaction conditions.

Who is buying Copel’s stake in Dona Francisca Energética S.A.?

The buyer is Gerdau S.A., which signed a Share Purchase Agreement with Copel. Through this agreement, Gerdau will acquire Copel’s 23.03% equity interest in DFESA, subject to standard corporate and regulatory approvals before completion.

How and when will Copel receive payment for the DFESA sale?

Copel will receive the full consideration in a single installment on the transaction closing date. Closing will occur only after customary conditions precedent are satisfied, including necessary corporate and regulatory approvals related to the transaction.

How does the DFESA sale align with Copel’s strategy (ELPC)?

Copel states the sale fits its strategy of continuously optimizing its portfolio. The company aims to simplify its corporate structure, focus on larger assets where it has control or significant influence, and ultimately generate value for shareholders through more concentrated investments.

What approvals are required before Copel’s DFESA transaction closes?

The closing is conditioned on customary conditions precedent, including corporate and regulatory approvals. These may involve internal approvals at the companies involved and clearances from relevant authorities before the share transfer and payment can occur.

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 June, 2026

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____

NOTICE TO THE MARKET | 11/26 COMPANHIA PARANAENSE DE ENERGIA – COPEL CNPJ/ME 76.483.817/0001-20 – NIRE 41300036535 – CVM Registration no. 1431-1 B3 (CPLE3) / NYSE (ELPC) / LATIBEX (XCOPO) Sale of Stake in the Dona Francisca Hydroelectric Plant COPEL (“the Company”) hereby informs its shareholders and the general market that it has accepted the binding offer and, on this date, entered into a Share Purchase Agreement (“SPA”) with Gerdau S.A. (“Buyer”), for the purpose of selling its equity interest in Dona Francisca Energética S.A. (“DFESA”), a shareholder of the consortium responsible for operating the Dona Francisca Hydroelectric Plant. The stake sold corresponds to 23.03% of DFESA’s share capital, based on an enterprise value of R$ 150.0 million (one hundred and fifty million reais), with the total amount paid in a single installment on the transaction closing date (“closing”), subject to the fulfillment of customary conditions precedent for this type of transaction, including the obtaining of applicable corporate and regulatory approvals. This transaction is part of Copel’s strategy to continuously optimize its portfolio, in line with the strategy of simplifying the corporate structure and concentrating the portfolio on larger assets in which Copel holds control or significant influence, and to generate value for its shareholders. Curitiba, June 15, 2025 Felipe Gutterres Vice President of Finance and Investor Relations For further information, please contact the Investor Relations team: ri@copel.com | +55 (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 June 15, 2026

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.