|Bid||8.59 x 900|
|Ask||8.60 x 2200|
|Day's Range||8.46 - 8.62|
|52 Week Range||7.41 - 11.69|
|Beta (5Y Monthly)||0.65|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.23 (2.70%)|
|Ex-Dividend Date||Dec 10, 2019|
|1y Target Est||N/A|
We at Insider Monkey have gone over 752 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of September 30th. In this article, we look at what those funds think of Centrais Eletricas Brasileiras S.A. - Eletrobras (NYSE:EBR) based […]
Brazil's Eletrobras SA said 1,300 employees would be laid off by the end of the year, as part of the state-run power company's second voluntary redundancy program of 2019. Eletrobras said in a statement that the dismissals would generate estimated savings of 490 million reais ($116 million) a year and that a further 444 employees would be let go by May 1.
Brazil's mines and energy minister said on Monday it is "impossible" to say how much the privatization of state-run power company Eletrobras SA will raise, despite an earlier government estimate of 16.2 billion reais ($3.84 billion). Bento Albuquerque declined to provide an estimate of how much Eletrobras is worth, adding the market must wait for the privatization, expected to occur in the second half of 2020. Last week, a source with knowledge of the deal told Reuters the government miscalculated in its 2020 budget how much it expects to raise from Eletrobras' privatization.
* Chile's peso, stocks slide as unrest continues * Chile central bank expected to slash rates -poll * Trump speech feeds worries about global trade * Eletrobras dips after announcing job cuts By Sagarika Jaisinghani Nov 13 (Reuters) - Chile's peso slid for the fifth straight session on Wednesday and the country's stocks tumbled more than 2%, as anti-government unrest showed no signs of letting up and as traders predicted that the central bank would slash interest rates. Most other Latin American currencies eased as a speech by U.S. President Donald Trump had investors fretting anew about Washington's trade war with Beijing.
Chile's embattled President Sebastian Pinera rejected the notion of resigning and believes he will reach the end of his term in just over two years despite intense anti-government protests that are roiling the country, according to a BBC interview. Latin American stocks fell 0.4% with Brazil's Bovespa coming off record highs.
Shares in Brazilian power company Eletrobras SA jumped more than 4% on Tuesday on expectations that President Jair Bolsonaro will sign off on a plan to end state control of the company, one of his biggest privatizations yet. In a late Monday filing, the company said Bolsonaro would sign off on the plan on Tuesday, adding there would be several legislative hurdles before the proposed privatization of Centrais Eletricas Brasileiras SA, as it is formally known. Brazil's Mines and Energy Minister Bento Albuquerque told reporters on Tuedsay that Eletrobras would likely be privatized in the second half of 2020.
A privatization bill for state-controlled Brazilian power company Eletrobras SA will be sent to Congress by early November, the country's mines and energy minister said on Friday, sending the company's shares up almost 3%. "I plan to deliver this project to Congress in person," minister Bento Albuquerque told reporters on the sidelines of a power auction.
Brazilian state-run power firm Centrais Eletricas Brasileiras SA estimated that it could raise up to 5.1 billion reais ($1.23 billion) via the potential issue of 9.99 billion reais worth of shares, according to a company presentation released Wednesday night. If the company, commonly known as Eletrobras, raises the full 9.99 billion reais, it estimates a minimum of 4.05 billion reais of the new shares would be associated with the so-called APACs programme. If 60% of minority shareholders participate, according to the presentation, the company would raise 1.9 billion reais.
The board of Brazilian state-run power firm Eletrobras has approved an extraordinary shareholders meeting to decide upon a capital increase of 9.99 billion reais ($2.42 billion) via a follow-on share offering, the firm said on Monday. In a securities filing, Centrais Eletricas Brasileiras SA , as the firm is formally known, said new preferential shares would be issued at 35.70 reais and new ordinary shares would be issued at 35.72 reais.
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Moody's Investors Service ("Moody's") has today affirmed the Ba3 rating of Centrais Eletricas Brasileiras SA-Eletrobras, including the company's senior unsecured debt and corporate family rating (CFR). At the same time, Moody's affirmed the company's baseline credit assessment (BCA) at b1. The change in Eletrobras' ratings outlook to positive reflect the ongoing progress of the company's multi-year business plan to enhance internal controls and improve profitability, including the divesture of non-core assets such as the sale of Amazonas Distribuidora de Energia (Amazonas D) in April, and the increasing diversification of its funding base, evidenced by the refinancing of U$1.0 billion notes in July with long-term debentures issued in local currency.