|Bid||0.00 x 1300|
|Ask||0.00 x 1100|
|Day's Range||7.06 - 7.38|
|52 Week Range||2.96 - 11.69|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.23 (3.17%)|
|Ex-Dividend Date||Dec 11, 2019|
|1y Target Est||N/A|
Privatizing Brazilian state power company Eletrobras is a priority for the government, the energy minister said on Wednesday, the day after his ministry made public a request for funding to carry out the privatization process. The privatization of Centrais Eletricas Brasileiras SA , as the company is formally known, would require the approval of Congress and faces an uphill political battle. "Within the Pro-Brazil agenda, it's one of the priorities," Mines and Energy Minister Bento Albuquerque told journalists on Wednesday, referring to a federal government program to reignite growth amid the novel coronavirus pandemic.
The administration of President Jair Bolsonaro may create a new state-run company as part of its plan to privatize power firm Eletrobras, according to documents disclosed late on Tuesday. The Ministry of Mines and Energy has required an extra 4 billion reais ($776.02 million) in the 2021 budget in case a new state-run company "is necessary," a document signed by secretary Marisete Pereira showed. The bill on Eletrobras' privatization includes the creation of a state-run company that would hold assets such as the Itaipu hydroelectric plant and a nuclear complex in Angra dos Reis, as well as government programs for the electric sector.
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