Brazil's Eletrobras sells stake in Eletronuclear to J&F for $98 mln

Core Viewpoint - Brazilian power company Eletrobras has signed a contract with J&F for the sale of its stake in Eletronuclear for 535 million reais (approximately $97.87 million) [1] Company Summary - Eletrobras is divesting its interest in Eletronuclear, a state-run entity, indicating a strategic move to streamline operations and focus on core business areas [1] - The sale amount of 535 million reais reflects Eletrobras' ongoing efforts to optimize its asset portfolio and improve financial performance [1] Industry Summary - The transaction highlights ongoing consolidation trends within the Brazilian energy sector, as companies seek to enhance operational efficiency and reduce state involvement in certain areas [1] - The sale may impact the competitive landscape of the nuclear energy segment in Brazil, potentially leading to increased private sector participation [1]