01:18 PM EDT, 10/15/2025 (MT Newswires) -- Eletrobras (EBR) has agreed to sell its stake in state-run Eletronuclear to J&F's energy unit Ambar Energia for 535 million reais ($98 million), Reuters reported Wednesday.

Under the agreement, Ambar will take on Eletrobras' responsibilities, including guarantees and a $2.4 billion reais debenture payment, the report said. Ambar will hold 68% of Eletronuclear's capital and 35.3% of voting rights after the transaction, Reuters added.

Eletrobras didn't immediately respond to a request for comment from MT Newswires.

Shares of the company were up 2.5% in recent trading Wednesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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