• Independent valuation puts Eneva Participações III’s 100% stake in Parnaíba II at BRL 3.63 billion as of October 15, 2026.
• The stake will transfer to Eneva through a partial spin-off at book value.
• The transaction will reduce Eneva Participações III’s equity by BRL 3.63 billion, leaving BRL 1.57 billion.
• A subsequent merger of Parnaíba II into the parent is a separate transaction requiring its own valuation report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Eneva SA published the original content used to generate this news brief on November 11, 2026, and is solely responsible for the information contained therein.