The Board of Directors of Taesa (TAEE3, TAEE4 and TAEE11) approved, at a meeting on November 11, 2026, the merger of its wholly owned subsidiary Ananaí Transmissora de Energia Elétrica S.A. The goal is to simplify the group's corporate structure and reduce operating and administrative expenses. Ananaí will be extinguished and Taesa will assume all of its assets, rights and obligations.
Ananaí was incorporated in 2021 and holds the concession for Lot 1 of ANEEL Transmission Auction No. 02/2021, with transmission lines in São Paulo and Paraná. Because it owns 100% of Ananaí's shares, Taesa will not issue new shares or increase its capital. As a result, there will be no share exchange ratio and no withdrawal right (the right to leave the company in exchange for reimbursement) for shareholders.
Taesa estimates costs of up to R$ 1 mi for publications, appraisers, lawyers and other professionals, which will be fully borne by the company. Management sees no material risks beyond those usual for this type of transaction and the need for ANEEL's consent, for which the request has already been filed and is under review. If consent is not obtained by the time of the shareholders' meeting, implementation will remain subject to it.
The transaction will be submitted to Taesa's Extraordinary General Meeting, which has yet to be called. The notice will be published after the signing of the protocol and justification and the issuance of the appraisal report, and the documents will be available at the company's headquarters and on the Investor Relations, CVM and B3 websites.
Is TAEE11 worth investing in?
- Price
- R$ 41.28
- as of 11/11/2026
- Dividend yield
- 7.28 %
- P/L
- 8.75
- P/VPA
- 1.76
