Gerdau proposes acquisition of Dona Francisca Energética hydroelectric plant from Celesc

Gerdau proposed acquiring 100% of the equity stake in Dona Francisca Energética (DFESA), representing 23.03% of the company's capital held by Celesc. The transaction values the hydroelectric plant at an enterprise value of R$ 150 million (approximately $30 million), which Celesc has already accepted. DFESA operates a hydroelectric facility in southern Brazil, contributing to Gerdau's strategy of increasing self-production of renewable energy. The deal aligns with Gerdau's sustainability goals to reduce carbon emissions through greater energy self-sufficiency. Celesc confirmed acceptance of the proposal in a statement released on April 16, 2026.

Counterparts (2)

Buyer

Gerdau

company · 1 deals

Porto Alegre-based global steel producer transforming over 10 million tons of recycled scrap metal annually into long and special steel products for construction, manufacturing, and infrastructure markets across the Americas.

Seller

Celesc

company · 1 deals

Celesc is a Brazilian mixed-capital utility company primarily responsible for electricity distribution and generation in the state of Santa Catarina, serving over 3.3 million consumer units. The company operates an extensive distribution network and owns 16 generation plants with approximately 130 MW of installed capacity.