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EDP Brasil to buy back nearly 25 mln shares

RIO DE JANEIRO, Aug 28 (Reuters) - The board of Brazilian energy firm Energias do Brasil SA, known as EDP Brasil, has approved a share buyback program for roughly 8% of outstanding shares, it said in a securities filing on Friday.

The company will buy back up to 24,863,000 shares, it added.

At Friday's closing price of 17.53 reais, that would amount to a purchase of up to 438 million reais ($81.3 million). ($1=5.39 reais) (Reporting by Gram Slattery; Editing by Clarence Fernandez)