COPEL Announces Preferred Shares Unification Timeline
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Companhia Paranaense de Energia (COPEL) announced a timeline for unifying its preferred shares, converting Class ‘B’ shares into Class ‘A’ shares, following approval at the Extraordinary General Meeting on August 22, 2025. The process will complete before the special meeting on November 17, 2025. This aims to streamline share classes and enhance governance, allowing dissenting shareholders to exercise withdrawal rights. Analysts rate ELP stock as a Buy with a $11.00 price target, citing strong technical indicators and stable financial performance, despite cash flow challenges.
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