CPFL Energia S.A.
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13.80-0.17 (-1.22%)
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Prev Close13.97
Bid13.82 x 400
Ask13.83 x 400
52wk Range6.38 - 14.02
Day's Range13.72 - 13.97
Avg Vol (3m)569,998
As of 12:07 PM EDT. NYSE Real Time Price. Market open.
  • Reuters6 days ago

    Brazil fund inclined to accept State Grid's CPFL bid, sources say

    Caixa de Previdência dos Funcionários do Banco do Brasil is inclined to accept State Grid Corp of China's bid for CPFL Energia SA, an electricity utility in which Brazil's largest pension fund has a 29.4 percent stake, two people with knowledge of the matter said on Tuesday. Senior officials at Previ, as the fund is known, have elaborated a draft document in which they recommend taking State Grid's proposal of 25 reais per share of CPFL, said the people, who spoke under the condition of anonymity since the matter remains under discussion. Previ, which manages 155 billion reais ($48 billion) in savings for employees of state-controlled Banco do Brasil SA, has to decide on the matter before the end of July, the people said.

  • Oilprice.com15 days ago

    Why Did China Grossly Overpay For A Utility In Brazil?

    China’s State grid has just made a bid to buy a controlling position in one of Brazil’s biggest electric companies, and the offer demonstrates the secondary importance of profitability for Beijing