Companhia Paranaense de Energia - Copel (NYSE:ELP) Q2 2023 Results Conference Call August 15, 2023 1:00 PM ET
Company Participants
Daniel Slaviero - CEO
Adriano Rudek de Moura - CFO
Conference Call Participants
Daniel Travitzky - Banco Safra
Marcelo Sá - Itau BBA
Francisco Navarrete - Bradesco BBI
Operator
Good day, ladies and gentlemen. Welcome to Companhia Paranaense de Energia, Copel Video Conference to Discuss Second Quarter 2023 Results. This video conference is being recorded, and the replay can be accessed on the company's Web site at ri.copel.com. The presentation is also available for download [Operator Instructions].
Before proceeding, I'd like to mention that forward-looking statements are based on the beliefs and assumptions of Copel's management and on information currently available to the company. Forward-looking statements may involve risks and uncertainties as they relate to future events, and therefore, depend on circumstances that may or may not occur. Investors, analysts and journalists should understand that events related to the macroeconomic environment, the segment and other factors could cause results to differ materially from those expressed in such forward-looking statements.
Presenting this video conference are Mr. Daniel Slaviero, CEO of Copel; Mr. Adriano Rudek de Moura, CFO; as well as officers of the subsidiaries who will be available for the question-and-answer session. I would now like to give the floor to Mr. Slaviero, who will start the presentation. Mr. Slaviero, you may proceed.
Daniel Slaviero
Hello, good afternoon. I would like to thank all of you for participating in our video conference call. It is with great satisfaction that I start the first earnings conference call of Copel as a private company. And I believe that the government of Paraná led this process in an even approachable manner from the presentation of the bill of law in the State Council of Paraná on November 21st of last year until today, it has been exactly 38 weeks. In this period, we have overcome numerous challenges but we have always been clear in our minds that this model that have a cooperation without a defined controlling shareholder with the State of Paraná having a golden share that guarantees minimum investments in distribution and the consequent renewal of its three largest plants was indeed the best path for the future of Copel. I would like to deeply thank everyone who participated in this process. The Board of Directors, the management, Copel employees involved in the matter, all the legal and financial advisers and Ernst & Young who coordinated the entire process. The result was the pricing of the offering in the amount of BRL8.25 per share, 0.5% discount from the screen price on August 8th, the day of the closing.