Maha divests its equity interest in Brava

Maha Capital AB (publ) (“Maha” or the “Company”) announces that Maha’s Board of Directors has decided to divest the Company’s equity interest in Brava Energia and has today completed the sale of all the Company’s shares in Brava Energia.

Maha held approximately 22 million shares of Brava Energia, representing 4.76% of its total share capital. The average sale price amounted to BRL 19.12 per share, giving the divestment a total value of around MUSD 78.

“We highly value Brava Energia and its notable achievements over the past year. However, we see substantial potential in our proposed business combination with Keo. The Keo Global Trade Card Program is expected to become our core business line going forward, and our focus is on substantially increasing the credit portfolio,” says Roberto Marchiori, CEO, Maha Capital.