By Brazil Stock Guide – Maha Capital AB announced it has sold its entire stake in Brava Energia (BRAV3), equivalent to about 22 million shares (4.76% of the company’s capital), at an average price of R$19.12 each. The transaction amounted to approximately R$422 million (USD 78 million).
“The divestment allows Maha to focus on its business combination with the Keo Global Trade Card Program, which is expected to become Maha’s main business, and to substantially increase its credit portfolio,” the company said in a statement.
Strategy and focus
The move signals a shift in Maha’s positioning: instead of holding minority stakes in Brazilian energy companies, the Swedish investment firm is reallocating resources to financial products and international expansion.
Brava Energia, listed in Brazil, has drawn investor attention to generation and distribution assets amid the country’s energy transition. Still, the 4.76% stake sold by Maha is considered minority and its exit is not expected to affect the company’s control structure.
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