Energy Co Of Parana 6-K/A, filed Jul 11, 2024
Energy Co Of Parana (ELPC)
About this 6-K/A
Energy Co Of Parana filed this 6-K/A on July 11, 2024.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K/A
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of July, 2024
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____
COMPANHIA PARANAENSE DE ENERGIA – COPEL
Corporate Taxpayer ID (CNPJ/ME)
76.483.817/0001-20 - Company Registry (NIRE) 41300036535 - CVM Registration
B3 (CPLE3, CPLE5, CPLE6)
NYSE (ELP, ELPC)
LATIBEX (XCOP, XCOPO)
Divestment in Compagas – Signing of Control
Block Purchase and Sale Agreement
COPEL (“Company”), in continuity with what was published in Material Fact No. 16/23, informs its shareholders and the market in general that it entered into, on this date, a Control Block Purchase and Sale Agreement (CCVBC) with Compass Dois Ltda. (“Buyer”), a subsidiary of Compass Gás e Energia S.A. (“Buyer”), relating to the sale of all shares representing 51% of Companhia Paranaense de Gás – Compagas (“Transaction”).
The Transaction is part of the Company’s strategy of focusing on its core business and decarbonizing its portfolio. The sale value (equity value) of its stake was R$906.0 million, to be adjusted in accordance with the contract.
The equity value will be paid according to the following schedule:
| i. | 40% until the closing of the Operation; |
| ii. | 30% until December 31, 2025; |
| iii. | 30% until December 31, 2026. |
The base date of the Transaction is December 31, 2023. On that date, Compagas' total net debt was R$182.8 million.
The completion of the Transaction is conditional on the non-exercise of the pre-emptive rights by current shareholders and the verification of usual conditions for operations of this nature, including approval by the competent bodies.
The Company count on XP Investimentos as its exclusive financial advisor and Stocche Forbes Advogados as its legal advisor.
Curitiba, July 10, 2024.
Felipe Gutterres
Director of Finance 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 July 10, 2024
| 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.