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CPFL Energia SA (CPFE3.SA)

CPFE3.SA on Sao Paolo Stock Exchange

25.87BRL
24 Apr 2017
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Latest Key Developments (Source: Significant Developments)

BRIEF-CPFL Energia approves to issue 620 mln reais in debt
Tuesday, 11 Oct 2016 11:24am EDT 

CPFL Energia SA : Said on Monday its board of directors approved an issue of simple non-convertible debentures in the total amount of 620.0 million Brazilian reais ($192.5 million) . Funds to be used for acquisition of stake in AES Sul Distribuidora Gaucha de Energia SA .Debentures to mature on Oct. 20, 2020, to bear an interest corresponding to 114.5 percent of daily average of interbank deposit rates.  Full Article

AES announces agreement to sell AES Sul in Brazil
Thursday, 16 Jun 2016 07:00am EDT 

AES Corp : AES announces agreement to sell AES Sul in Brazil . Entered into an agreement to sell its 100% equity interest in AES Sul, one of its utilities in brazil, to CPFL Energia S.A . Deal for BRL1,698 million (equivalent to $464 million at expected BRL/USD conversion rate of 3.66 at time of closing) . Sale was previously included in company's 2016 guidance and 2017-2018 expectations .Transaction will remove a total of $335 million in non-recourse debt on AES' balance sheet as of March 31, 2016.  Full Article

Cpfl Energia SA to propose dividend payment and capital increase, distributing new shares as bonus
Monday, 21 Mar 2016 10:16am EDT 

Cpfl Energia SA:Says its board of directors will propose dividend payment, related to the fiscal year 2015, in the total amount of 205.4 million Brazilian reais, corresponding to 0.2069 real per share.Says dividend payment date to be defined during FY 2016.Says dividend record date is April 29.Says shares to be traded ex-dividend as of May 2.Says will propose capital increase of 393.0 million Brazilian reais, by issuing 24.9 million common shares without par value.Says will propose to attribute to shareholders, free of charge, a bonus of 0,0251 new share per each share held with a record date of April 29.Says shares will be traded without right of bonus as of May 2.Says bonus shares will be attributed to shareholders on May 5.  Full Article

Cpfl Energia SA included on IBrX-50 index
Monday, 4 Jan 2016 02:50pm EST 

Cpfl Energia SA:Says Sao Paulo Stock Exchanges' Indice Brasil 50 - IBrX-50 has included the company on its index list effective Jan. 4.  Full Article

Standard and Poor's reaffirms Cpfl Energia SA rating
Tuesday, 18 Aug 2015 04:25pm EDT 

Cpfl Energia SA:Standard & Poor’s Ratings Services reaffirms the company at brAA+ and its subsidiaries.Outlook is stable.  Full Article

More From Around the Web

UPDATE 1-Brazil power firm CPFL sees Chinese investment boosting expansion

SAO PAULO, Jan 24 CPFL Energia, Brazil's largest private power company, is eying acquisitions in power generation and distribution as an investment by China's State Grid boosts its growth plans, Chief Executive Officer André Dorf said on Tuesday.