Centrais Eletricas Brasileiras SA (ELET6.SA)
R$ 0.29 (+1.27%)
|Market Cap(Mil.):||R$ 27,981.84|
RIO DE JANEIRO Brazil's state-controlled utility Centrais Elétricas Brasileiras SA will soon announce agreements to sell minority stakes in projects such as wind farms and power transmission lines, Chief Executive Wilson Ferreira Jr told Reuters on Friday.
* Brazil's development bank BNDES says six power distributors owned by Centrais Elétricas Brasileiras SA, or Eletrobras, have 10.2 billion reais ($3.14 billion) value, but 20.8 billion reais in debt
RIO DE JANEIRO, Nov 6 Brazil's state-run power company Centrais Eletricas Brasileiras SA will issue new shares in the second half of 2018 as part of the plan to dilute the government's stake and privatize the company, an executive said on Monday.
SAO PAULO, Oct 20 The Brazilian government wants no shareholder to hold more than 10 percent of the controlling block of power utility Centrais Elétricas Brasileiras SA after its privatization, said Acting Mines and Energy Minister Paulo Pedrosa on Friday.
SAO PAULO Brazil's state-controlled power holding company Eletrobras will release rules in coming days for the sale of six regional power distribution companies, Chief Executive Wilson Ferreira Jr said on Wednesday.
SAO PAULO, Oct 18 Brazilian state-run power company Centrais Elétricas Brasileiras SA is relying on the successful completion of an asset sale program to reduce its indebtedness, Chief Executive Officer Wilson Ferreira Junior said on Wednesday.
SAO PAULO, Oct 16 State Grid Corp of China and Centrais Elétricas Brasileiras SA will start commercial operation of a key power transmission line for Brazil's Belo Monte dam in December, two months ahead of schedule, an official told Reuters on Monday.
SAO PAULO French energy conglomerate Engie SA has appetite for more Brazil acquisitions, and will evaluate assets being sold by Eletrobras, despite spending more than $1 billion in a licensing auction last week, Engie's local unit head told Reuters on Wednesday.
SAO PAULO Italy's Enel SpA is looking for opportunities to expand in Brazil's power sector through acquisitions after winning a license last week to operate a large hydropower dam, the head of local operations told Reuters.
Sept 29 The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday: