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Eletrobras Agrees to Sell Eletronuclear Stake to J&F’s Âmbar for R$535 Million

The transaction shifts Eletronuclear’s obligations to the buyer, preserving government control.

Overview

  • Âmbar will assume guarantees previously provided by Eletrobras and take on responsibility for R$2.4 billion in debentures tied to Eletronuclear.
  • After closing, Âmbar will hold 68% of total capital and about 35.3% of voting rights, while ENBPar retains 64.7% voting control.
  • The sale agreement, signed on October 14–15, awaits regulatory approvals and customary closing conditions.
  • Eletrobras recorded an approximately R$7 billion provision linked to the divestment after investing R$7.8 billion in 2Q25 and says the move improves its risk profile and frees capital.
  • Eletronuclear runs Angra 1 and 2 and is responsible for Angra 3, with the Energy Ministry citing financial strain at the company as political debate continues over potential consumer impacts.