Brazil Privatizes Energy Company

Posted on 08/11/2023

Utility Companhia Paranaense de Energia (Copel) is essentially privatized after the state of Parana joined Copel in a combined sale of 549,171,000 shares at US$ 1.68 a share. Copel is now more than 50% in private hands. Copel is a Brazilian electric utility company, the largest in Parana, founded in 1954. Copel in recent years…

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