Brazil's Eletrobras sees $2.5 bln credit line by June, CFO says
Brazil's Eletrobras sees $2.5 bln credit line by June, CFO says---Reuters) - Centrais Elétricas Brasileiras SA, Brazil's largest power holding company, expects to obtain a financing package from a pool of state-run lenders by June, Chief Financial Officer Armando Casado said on Monday.---- this will move stock to $5
Look. Ebr has a book value of over $20 per share and sells at $3. Any positive news will be seen as good news once this large seller is done. Once the government sees it needs EBR for the coming world cup and Olympics it will change some of the onerous terms.--- stock will then hit 6-8 in a few months.