AXIA Energia (NYSE: EBR) divests 49% stakes in power transmission SPEs
Rhea-AI Filing Summary
AXIA Energia S.A. agreed to sell its entire 49% minority stakes in four electric power transmission special purpose entities to GEBBRAS Participações Ltda. for BRL 451.5 million.
The divested SPEs operate about 1,086 km of transmission lines with concession terms running between 2039 and 2040. For 2027, the assets are estimated to generate net revenue of BRL 218 million and EBITDA of BRL 176 million, with net debt projected at BRL 414 million in 2025. The company states that this transaction supports its strategic focus on optimizing minority interests, maintaining capital discipline, and simplifying its corporate structure.
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Insights
AXIA Energia monetizes minority grid assets, boosting cash while exiting non‑control stakes.
AXIA Energia is selling its 49% minority holdings in four transmission SPEs to GEBBRAS for BRL 451.5 million. These assets are projected to deliver 2027 net revenue of BRL 218 million and EBITDA of BRL 176 million, with net debt of BRL 414 million in 2025.
The divestment converts a minority, non‑controlling position into immediate cash, while the buyer assumes leverage tied to the assets. Management frames the move as consistent with its Strategic Plan, emphasizing optimization of minority interests, capital discipline, and corporate simplification.
Because the assets’ concessions extend between 2039 and 2040, the sale trades long-dated, regulated cash flows for near‑term liquidity. The ultimate impact will depend on how AXIA Energia reallocates the BRL 451.5 million, which is not detailed in the disclosed text.
Key Figures
Key Terms
special purpose entities financial
EBITDA financial
forward-looking statements regulatory
Strategic Plan financial
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of May, 2026
Commission File Number 1-34129
AXIA Energia S.A.
(Exact name of registrant as specified in its charter)
AXIA Energia S.A.
(Translation of Registrant's name into English)
Avenida Graça Aranha, 26
Centro, CEP 20030-900
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
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____
Divestment of minority stake to GEBBRAS
Rio de Janeiro, May 4, 2026, AXIA Energia S.A. (“Company” and “AXIA Energia”) hereby informs that it has entered into a Share Purchase Agreement with GEBBRAS Participações Ltda. (“GEBBRAS”), involving the sale of all 49% minority interests held by the Company in electric power transmission special purpose entities (SPEs).
The divested interests relate to the following SPEs: Goiás Transmissão S.A., MGE Transmissão S.A., Transenergia Renovável S.A., and Transenergia São Paulo S.A., whose transmission assets are in the states of Goiás, Minas Gerais, Espírito Santo, Mato Grosso, Mato Grosso do Sul, and São Paulo, respectively.
Transmission line length |
Concession term |
Estimated net revenue 2027¹² |
Estimated EBITDA 2027¹² |
Net debt 2025 |
~1,086 km |
Between 2039 and 2040 |
BRL 218 million |
BRL 176 million |
BRL 414 million |
AXIA Energia will receive BRL 451.5 million from the sale of its stake in the SPEs.
The completion of the transaction is subject to customary market conditions precedent and adjustments and reinforces AXIA Energia’s commitment to the optimization of minority interests, capital discipline, and the simplification of its corporate structure, as provided for in its Strategic Plan
Eduardo Haiama
Vice President of Finance and Investor Relations
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: May 4, 2026
| AXIA Energia S.A. | ||
| By: |
/S/ Eduardo Haiama |
|
|
Eduardo Haiama Vice-President of Finance and Investor Relations |
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FORWARD-LOOKING STATEMENTS
This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.