|Bid||6.16 x 300|
|Ask||6.21 x 2000|
|Day's Range||6.12 - 6.28|
|52 Week Range||6.12 - 6.28|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (0.00%)|
|1y Target Est||2.50|
Brazilian state-run power utility Centrais Elétricas Brasileiras SA will reduce its investments starting in 2018 to boost efficiency ahead of its planned privatization next year. In a securities filing on Monday, the company, known as Eletrobras, said its board had authorized investments of 19.75 billion reais ($6 billion) for 2018 through 2022. Eletrobras said the investments would be in power generation, transmission and infrastructure projects, directly or through special-purpose vehicles.
Facing a severe financial crisis, Brazil's state-run nuclear power concern Eletrobras Termonuclear SA may halt operations at two power plants in Rio de Janeiro, newspaper O Estado de São Paulo reported on Tuesday, citing a letter from the firm's acting chief executive. In the letter to power sector regulator Aneel last week, Leonam dos Santos Guimarães described the situation as "grave" and warned the company's Angra 1 and Angra 2 nuclear plants may interrupt power production by 2019 if nothing is done to solve the problem. Eletronuclear, owned by Centrais Eletricas Brasileiras SA , is highly indebted and in default on supplier bills, including providers of uranium used as fuel to generate electricity, O Estado reported.
Categories: Yahoo FinanceGet free summary analysis Centrais Elétricas Brasileiras SA reports financial results for the quarter ended September 30, 2017. We analyze the earnings along side the following peers of Centrais Elétricas Brasileiras SA – Companhia Paranaense de Energia Sponsored ADR Pfd Class B, CPFL Energia S.A. Sponsored ADR, Companhia Energetica de Minas Gerais SA Sponsored ADR ... Read more (Read more...)
Brazil's deputy Finance Minister Eduardo Guardia said on Wednesday the government expects to send a bill to privatize state-controlled utility Eletrobras to Congress next week. Guardia said key details of the privatization process will be submitted to a shareholders meeting expected to take place next year. Voting rights will be limited to 10 percent for individual new investors, a way of ensuring Eletrobras will have dispersed share ownership after the privatization, Guardia said.
Brazilian development bank BNDES's chief executive said on Tuesday that the government is considering a two-stage privatization of state-controlled power holding company Centrais Brasileiras SA. Paulo ...
Brazil's lower house of Congress is likely to approve the privatization of power utility Centrais Elétricas Brasileiras SA by the end of the year, House Speaker Rodrigo Maia said on Tuesday. Investors ...
RIO DE JANEIRO (Reuters) - 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 ...
BRASILIA (Reuters) - Brazil's government has approved the privatisation model for the power distribution units of state-run company Eletrobras (ELET5.SA), Adalberto Vasconcelos, who heads the body overseeing ...
Brazil's Energy Ministry will send to President Michel Temer three bills within the next 10 days that will propose changes to electricity sector rules and will contain the model for the privatization of state-run utility Centrais Elétricas Brasileiras SA, an official told Reuters on Tuesday. The ministry will send the first of the bills, one dealing with the sale of distributors owned by Eletrobras, as the company is known, as early as today, said Paulo Pedrosa, Brazil's deputy energy minister. According to the official, the government plans to offer compensation to Eletrobras in exchange for proposed changes in its hydropower contracts.
, an official at electricity regulator Aneel told Reuters. The project in Rio Grande do Sul state requires roughly 3.3 billion reais ($1.0 billion) in investment and had originally been awarded to the Eletrobras unit Eletrosul Centrais Eletricas SA, or Eletrosul. Closure of the deal depends on Shanghai Electric accepting conditions imposed by Aneel, said Director José Jurhosa, who heads the agency's unit overseeing the case.
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. "We are looking to complete the work in October, run tests through November and start commercial operation in December," said Newton Zerbini, head of a joint venture named BMTE, created by State Grid and Eletrobras to build the line.
The Brazilian government will not propose a transition of state-controlled utility Centrais Elétricas Brasileiras SA to the Novo Mercado segment of the São Paulo Stock Exchange, Deputy Energy Minister ...
French energy conglomerate Engie SA (ENGIE.PA) has appetite for more Brazil acquisitions, and will evaluate assets being sold by Eletrobras, despite spending more than $1 billion (755.29 million pounds) in a licensing auction last week, Engie's local unit head told Reuters on Wednesday. Brazil's state-controlled utility Eletrobras, or Centrais Elétricas Brasileiras SA (ELET5.SA), said on Monday it will soon kick-start its divestiture plan which includes stakes in dozens of projects, mostly wind parks and power transmission ventures. "We are open to opportunities, but always conservatively and with financial discipline," Mauricio Bahr, Engie Brasil's chief executive, said in an interview in Sao Paulo.
Brazil’s President Michel Temer said Wednesday in New York that the government will maintain control of indebted, state-controlled oil producer and refiner Petroleo Brasileiro or Petrobras (PETR3.Brazil and PBR). Petrobras shares rose 4% to $10.43 in U.S. trading Wednesday, while the iShares MSCI Brazil Capped exchange-traded fund (EWZ) was up only 0.3%. Shares of power utility Centrais Eletricas Brasileiras or Eletrobras (ELET3.Brazil and EBR) rose 2%.
Brazil's President Michel Temer said on Wednesday that despite his government's aggressive privatization agenda, state-run oil company Petroleo Brasileiro , a symbol of national sovereignty, would remain under government control. Temer, speaking at a Reuters Newsmaker event in New York, also said that sprawling investigations that have led to corruption charges against scores of powerful figures - including him - show that Brazil's governmental institutions are independent and working well.
Brazil's state-run oil company Petroleo Brasileiro SA will inject 6.3 billion reais ($2 billion) of fresh capital into its fuel distribution arm, cleaning up its balance sheet in an effort to attract investors to an initial public offering. The money from the capital injection, approved by the board of the company and announced in a securities filing on Friday, will solve a long-standing problem with state-controlled power utility Centrais Eletricas Brasileiras SA. The capital injection solves the main hurdle to the initial public offering of the unit, Petrobras Distribuidora SA, according to a person with direct knowledge of the matter.
The Brazilian government's plan to privatize power holding company Centrais Eletricas Brasileiras SA will not lead to an increase in electricity prices, Mining and Energy Minister Fernando Coelho Filho ...
Brazilian stocks on Tuesday shot to a six-year high after the government unveiled plans to privatize power utility Centrais Elétricas Brasileiras SA, while Mexican shares rose after data showed the economy ...
BRASILIA/RIO DE JANEIRO (Reuters) - Brazil's surprise move to privatize Centrais Eletricas Brasileiras SA (ELET5.SA) sent the utility's shares soaring nearly 50 percent on Tuesday as investors bet the plan augured further moves to loosen the government's grip on the economy. The transaction should be concluded by mid-2018 and could involve the sale of new stock to help replenish the capital of Eletrobras, as the holding company is known, Mines and Energy Minister Fernando Coelho Filho told Reuters. While the plan involves the end of federal government voting control at Eletrobras, it remains to be decided how much of its 51-percent voting stake will be sold and how, deputy Finance Minister Eduardo Guardia said.