Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Companhia Paranaense de Energia Pfd ( (ELP) ) just unveiled an update.
Companhia Paranaense de Energia (Copel) has announced an asset swap agreement with Eletrobras. Through this transaction, Copel’s subsidiary, Copel Geração e Transmissão, will acquire Eletrobras’ stakes in the Mauá Hydroelectric Power Plant and the Mata de Santa Genebra transmission company, making Copel the full owner of these assets. In exchange, Copel will transfer its entire ownership of the Colíder Hydroelectric Power Plant to Eletrobras and pay R$ 365 million upon closing. This strategic move is expected to generate immediate synergy gains, streamline operations, and offset tax losses, enhancing Copel’s operational efficiency and financial standing.
More about Companhia Paranaense de Energia Pfd
Companhia Paranaense de Energia, also known as Copel, is an energy company based in Curitiba, Paraná, Brazil. It is involved in the generation, transmission, and distribution of electricity, focusing on optimizing its portfolio and exploring opportunities to recycle assets and holdings.
YTD Price Performance: -21.49%
Average Trading Volume: 329,721
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $4.69B
For an in-depth examination of ELP stock, go to TipRanks’ Stock Analysis page.
