November Top M&A Deals in BRAZIL Market

Brazilian energy giant Eletrobras agreed to sell its 67.6% stake in Eletronuclear to local conglomerate J&F for BRL 535mn (USD 96.8mn). The deal includes the assumption of BRL 2.4bn (USD 434.5mn) in debentures and BRL 4.7bn (USD 871.3mn) in net debt. The divestment aligns with Eletrobras’ strategy to simplify operations, optimize capital, and focus on core businesses. Eletronuclear operates Brazil’s nuclear power plants. Buyer J&F is a diversified holding company owned by the Batista brothers.