Copel

Copel - Companhia Paranaense de Energia is a Brazilan electric utility company, the largest company of the State of Paraná, founded on October 26, 1954 with ownership control held by the State of Paraná.

Companhia Paranaense de Energia - Copel
TypeSociedade Anônima
B3: CPLE3, CPLE6
BMAD: XCOP
NYSE: ELP
Ibovespa Component
IndustryElectricity
Founded1954
Headquarters
Curitiba
,
Brazil
ProductsElectrical power
ServicesElectricity distribution
Revenue US$ 4.3 billion (2017)[1]
US$ 323.9 million (2017)[2]
Number of employees
8,560
Websitewww.copel.com

The Company went public in April 1994 on the Brazilian B3 stock market, and in 1997 was the first company of the Brazilian electricity sector to be listed at the New York Stock Exchange. As from June 2002, the brand is also present at the European Economic Community, having been listed at Latibex - the Latin American index of companies of the Madrid Stock Exchange. As of May 7, 2008, Copel's shares were ranked at Level 1 of São Paulo Stock Exchange (Bovespa)'s Corporate Governance. In 2019, Copel announced a plan to divest their natural gas and telecommunications holdings to focus entirely on electricity.[3] In 2020, Copel Telecom was sold to the Bordeaux Fundo de Investimento.[4]

The Company directly serves 3,549,256 consuming units, across 393 cities and 1,114 locations (districts, villages and settlements), located in the State of Paraná. This network consists of 2.8 million homes, 63.8 plants, 295.5 commercial establishments and 341.6 rural properties. The staff is composed of 8,376 employees.

References
  3. https://telecom.economictimes.indiatimes.com/news/brazils-copel-looking-into-selling-telecoms-gas-assets-ceo-says/67599612
  4. https://www.bnamericas.com/en/news/brazils-copel-telecom-snapped-up-for-us444mn
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