Brazil’s Eletrobras plans to file share offering requests in Q2


Brazil state-run power company Eletrobras said on Tuesday it intends to file requests for a global share offer with the U.S. Securities and Exchange Commission and Brazilian securities regulator CVM in the second quarter.

The company said it will issue ordinary shares on the Bovespa stock market and American Depositary Receipts in the United States, in a move that is part of its privatization process.

Last week, Brazilian state development bank BNDES announced that the capitalization offer for Eletrobras to be privatized is expected to happen by mid-March, while pricing is seen occurring in April.

Gh Extractives is an independent multimedia portal that seeks to provide credible information and news content to readers especially players in the extractive sector in Ghana, Africa and beyond. It also provides a unique platform for players in the energy sector to market their products and reach a wider audience

View All Posts

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.