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Eletrobras sells stake in Eletronuclear to J&F Group for R$535 million

Published 16/10/2025, 10:22
Eletrobras sells stake in Eletronuclear to J&F Group for R$535 million
ELET3
0.45%
ELET6
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EBR
0.93%

Investing.com -- Brazilian power company Eletrobras (BVMF:ELET) has sold its entire 68% non-controlling stake in Eletronuclear to J&F Group for an equity value of R$535 million.

The transaction includes the transfer of R$2.4 billion in debentures guarantees to J&F and completely releases Eletrobras from future responsibilities related to the nuclear assets.

The sale price of R$535 million falls significantly below Eletronuclear’s book value of approximately R$7.8 billion, which will result in a non-cash provision in Eletrobras’s third-quarter 2025 financial results.

This divestment represents a positive milestone for Eletrobras’s equity story as it removes a major risk from the company’s investment case, potentially leading to a lower risk premium and improved discount rate.

The transaction also eliminates a large legacy liability related to Eletronuclear and marks a significant step in Eletrobras’s post-privatization restructuring efforts, allowing the company to concentrate on its core energy trading business.

Eletronuclear was considered the last remaining overhang in Eletrobras’s investment profile.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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