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Centrais Eletricas Brasileiras SA (ELET6.SA)

ELET6.SA on Sao Paulo Stock Exchange

18.75BRL
23 May 2018
Change (% chg)

R$ -1.95 (-9.42%)
Prev Close
R$ 20.70
Open
R$ 19.09
Day's High
R$ 19.25
Day's Low
R$ 18.30
Volume
4,079,200
Avg. Vol
2,204,882
52-wk High
R$ 30.07
52-wk Low
R$ 15.41

Latest Key Developments (Source: Significant Developments)

Eletrobras CEO expects approval of privatization bill in 75 days
Wednesday, 16 May 2018 03:00pm EDT 

May 16 (Reuters) - Centrais Eletricas Brasileiras SA ::CEO OF BRAZIL'S ELETROBRAS SAYS IT IS URGENT TO SOLVE PRIVATIZATION OF ITS POWER DISTRIBUTION SUBSIDIARIES TO IMPROVE THE COMPANY'S FINANCIAL PERFORMANCE.ELETROBRAS CEO FERREIRA EXPECTS APPROVAL OF PRIVATIZATION BILL IN THE BRAZILIAN CONGRESS IN TWO AND A HALF MONTHS.  Full Article

Brazil to release soon privatization model for Eletrobras
Wednesday, 25 Oct 2017 02:00pm EDT 

Oct 25 (Reuters) - :Brazil to publish privatization model for Centrais Elétricas Brasileiras SA <<>>, or Eletrobras, in coming days, says energy ministry official Fábio Lopes Alves.  Full Article

Eletrobras to sell minority stakes in some projects this year
Monday, 2 Oct 2017 03:20pm EDT 

Oct 2 (Reuters) - :CEO of Brazil's Centrais Elétricas Brasileiras SA <<>>, or Eletrobras, Wilson Ferreira Jr says company weighs keeping a 30 percent stake in power distribution firms put for sale.Eletrobras CEO Ferreira Jr says company to sell minority stakes in some projects this year.Eletrobras CEO said company will share some information regarding privatization model by year-end.  Full Article

Eletrobras CEO says not likely to execute 2016 capex target
Wednesday, 3 Aug 2016 10:36am EDT 

: CEO of Brazil's state-controlled power holding company Eletrobras , Wilson Ferreira Jr, says company not likely to execute full 10 billion real capex target in 2016 . CEO of Eletrobras says company plans to invest 33 billion reais in power generation, power transmission through 2020 (Reporting by Rodrigo Viga Gaier) ((Marcelo.Teixeira@thomsonreuters.com;)).  Full Article

Eletrobras hopes to relist U.S. shares in October - CEO
Wednesday, 27 Jul 2016 12:24pm EDT 

: Brazil's state-controlled electricity holding company Centrais Elétricas Brasileiras SA (Eletrobras) hopes to relist its shares in New York in October, CEO Wilson Ferreira said on Wednesday. . The company expects an internal corruption investigation to finish in early September. The investigation must be done before the company can submit paperwork to the U.S. Securities and Exchange Commission. . Eletrobras shares stopped trading in the United States in May. Further company coverage: [ELET6.SA ] (Reporting by Leonardo Goy) ((caroline.stauffer@thomsonreuters.com;)).  Full Article

Brazil treasury cannot solve all Eletrobras problems -minister
Wednesday, 27 Jul 2016 11:35am EDT 

: The financing needs of Brazil's state-run power holding company Centrais Eletricas Brasileiras SA (Eletrobras) are very large, Mining and Energy Minister Fernando Coelho Filho said on Wednesday. . Brazil's treasury is not in a position to solve all of the company's problems, Coelho told reporters. Further company coverage: [ELET6.SA] (Reporting by Leonardo Goy) ((caroline.stauffer@thomsonreuters.com;)).  Full Article

EMERGING MARKETS-Brazil stocks down on global trade concerns; Eletrobras drops

By Bruno Federowski BRASILIA, May 23 Brazilian stocks fell sharply on Wednesday after comments by U.S. President Donald Trump reignited concerns over global trade, while shares of state-controlled power utility Centrais Elétricas Brasileiras SA plummeted. The benchmark Bovespa stock index declined 1.7 percent, more than the 0.9 percent decline by an index tracking Latin American stock markets. Global stocks suffered after Trump signaled a new direction in U.S.-China t