6.27 0.00 (0.00%)
After hours: 4:17PM EST
|Bid||0.00 x 1800|
|Ask||0.00 x 1200|
|Day's Range||6.17 - 6.44|
|52 Week Range||3.14 - 7.86|
|Beta (3Y Monthly)||-1.22|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2.50|
A U.S. court has approved a class action settlement between Centrais Eletricas Brasileiras SA (Eletrobras) and some of its shareholders, the Brazilian state electricity company said on Thursday. Under the accord, Eletrobras will pay $14.75 million to holders of its American Depositary Shares (ADRs) as compensation for losses related to the company's involvement in a sprawling corruption scheme. The settlement had been presented to the U.S. District Court for the Southern District of New York in June and received preliminary approval in August.
A Brazilian judge has struck down a previous decision that had halted the privatization auction of a unit of state-run electricity firm Centrais Eletricas Brasileiras SA, an executive said told Reuters on Monday, allowing the auction to go ahead. "The injunction was struck down, and we'll have an auction," said Armando Casado, the chief financial officer of Eletrobras, as the company is commonly known, without offering further details. On Friday, a judge halted the auction of Amazonas Energia, the distribution unit of Eletrobras in the interior state of Amazonas.
Brazil's state-controlled Petroleo Brasileiro SA said in a securities filing on Tuesday that it has reached an agreement with Centrais Elétricas Brasileiras SA on the debt of energy companies Amazonas ...
Brazilian Supreme Court Justice Ricardo Lewandowski has overturned an injunction that blocked the sale of power distributor Ceal, according to a document reviewed by Reuters. State-controlled power holding ...
Brazilian development bank BNDES has pushed back the auction of a unit of Centrais Elétricas Brasileiras SA, originally scheduled for next week, to Dec. 10, the state-controlled power company said in a securities filing late on Thursday. The auction is a key step towards the privatization of Eletrobras, as the power holding is known, and has been marred by repeated delays. Reuters reported on Oct. 30 that Eletrobras could take on an additional 3 billion reais in debt in order to pave the way for the Amazonas privatization.
RIO DE JANEIRO/SAO PAULO, Oct 30 (Reuters) - Brazilian state-controlled power holding company Centrais Elétricas Brasileiras SA may assume an additional 3 billion reais ($810 million) in debt to pave the way for the privatization of a distribution company, a source familiar with the matter said on Tuesday. Eletrobras, as the holding is known, will take on the debt the distribution company, based in the northern state of Amazonas, has with state-controlled oil company Petroleo Brasileiro SA (Petrobras) as a way to entice investors into the privatization, said the source, who asked for anonymity because they are not authorized to discuss the matter publicly.
SAO PAULO (Reuters) - Brazil's antitrust agency Cade has approved the sale of a distribution company owned by state-run Centrais Eletricas Brasileiras SA, according to the official gazette on Wednesday. ...
The top economic adviser to Brazilian far-right presidential front-runner Jair Bolsonaro said he favors selling off some of the power generation assets of utility company Centrais Eletricas Brasileiras S.A. , raising new contradictions in the candidate's policy team. Shares of the company, known as Eletrobras, soared following the clear lead Bolsonaro took in Sunday's first-round vote, but then tumbled 13 percent on Wednesday when Bolsonaro said he would privatize transmission and distribution units but not the generation of electricity. Bolsonaro had previously promised to privatize some state-controlled companies.
Shares of Brazil's state power company tumbled 13 percent on Wednesday after presidential front runner Jair Bolsonaro said he was unwilling to sell generation assets, suggesting he is against the full privatization of Centrais Eletricas Brasileiras SA, also known as Eletrobras. Shares of state oil company Petrobras also fell about 3 percent after Bolsonaro also expressed caution about full privatization of that company. Eletrobras has assets in generation, transmission and distribution, and President Michel Temer's current government had planned to privatize it in full.
Brazil's leading presidential candidate, far-right politician Jair Bolsonaro, said in an interview aired on TV Bandeirantes on Tuesday evening that he is not willing to sell state power generation assets, suggesting he is against the full privatization of Centrais Eletricas Brasileiras SA. In the interview, Bolsonaro said that selling more generation assets would leave Brazil "in the hands of China." Shares of Eletrobras, as the company is known, opened sharply lower.
Moody's Investors Service ("Moody's") has today affirmed the Ba3 rating of Centrais Eletricas Brasileiras SA - Eletrobras (Eletrobras), including the company's senior unsecured debt and corporate family rating (CFR). Eletrobras' Ba3 ratings consider Moody's joint default analysis for the company as a government-related issuer and therefore, it incorporates our assumptions for moderate support and high dependence levels from the government of Brazil (Ba2 stable). Eletrobras' BCA of b1 reflects the company's credit profile on a stand-alone basis, which has been supported by the ongoing progress of its business plan to enhance internal controls and improve profitability.
Brazilian state-run power company Centrais Eletricas Brasileiras SA on Thursday raised 1.29 billion reais from an auction of wind power and transmission assets. Eletrobras, as the company is known, sold ...
Brazilian state development bank BNDES has delayed the privatization auction of a power distribution unit owned by Centrais Eletricas Brasileiras SA until Oct. 25, the state-run utility said on Thursday. ...
Brazilian equities and currencies both slumped on Tuesday after an opinion poll on the presidential election showed leftist candidates gaining ground while market-friendly centrists did not. For months, ...
Brazil's Senate will only vote on a law seen as important to making the privatization of a state energy distribution company viable after congressional elections in October, lawmakers said on Wednesday, which will delay the auction. State utility Centrais Eletricas Brasileiras SA, known as Eletrobras, was set to auction its distribution unit in the interior state of Amazonas on Sept. 26, before elections are held on Oct. 7.
Mexicans stocks fell to a six-week low, hit by losses in cement company Cemex, and Brazilian equities dipped on Thursday, while the pesos of Mexico and Colombia bounced back from steep losses sparked by ...
Brazil's state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday said its second-quarter net profit soared when compared with the same period a year earlier, helped by increases in power prices. Eletrobras, as the company is known, reported in a securities filing net income of 2.832 billion reais ($732.50 million), up sharply from 344 million reais in the second quarter of 2017. The increases have been authorized by the federal government, which is trying to improve the finances of many distribution companies that Eletrobras plans to sell to private investors in the coming months.
Brazilian state-controlled power utility Centrais Eletricas Brasileiras SA on Tuesday posted second-quarter net profit more than eight times higher than in the same period a year earlier. Eletrobras, as ...
Jailed former Brazilian president Luiz Inacio Lula da Silva said in article published on Friday that if he is elected again in October he would seek a popular referendum to reverse the sale of assets of state-run companies like Petrobras and Eletrobras. Lula also vowed to stop a planned $4.75 billion joint venture that would give Boeing Co a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA . Lula, still Brazil's most popular politician despite serving time for a corruption conviction, will be nominated as a presidential candidate by his Workers Party on Sunday but he is expected to be barred from running by the country's top electoral court.
Lined up for assessment this morning are these four stocks: Duke Energy Corp. (NYSE: DUK), Centrais Eletricas Brasileiras S.A. - Eletrobras (NYSE: EBR), Edison International (NYSE: EIX), and Enel Americas S.A. (NYSE: ENIA). All you have to do is sign up today for this free limited time offer by clicking the link below. On Wednesday, shares in Charlotte, North Carolina headquartered Duke Energy Corp. rose slightly by 0.36%, ending the day at $80.18.
A Brazilian federal judge overturned a court order holding up the sale of units of state utility Centrais Eletricas Brasileiras SA, and the government committed to assuming certain losses at the company, as the divestiture process continues to advance. Andre Fontes, the head judge of a regional federal court, on Tuesday overturned a decision by a Rio de Janeiro judge earlier in July that effectively delayed the sale of six distribution units at the company, the court said in a statement on Tuesday night. On Monday, Brazil's planning minister, Esteves Colnago, told Reuters the government plans to auction off one of the units on July 26, while putting off the auction of the other five units owned by Eletrobras, as the company is commonly known, until Aug. 30.
Brazil's government will go ahead with the auction of one of state-owned utility Eletrobras' power distributors planned for July 26, while delaying five others to Aug. 30, Planning Minister Esteves Colnago told Reuters on Monday. Cepisa, the utility's energy distributor in the northeastern state of Piaui, has drawn the most interest and will be auctioned as planned despite recent legal challenges, Colnago said in an interview during a visit to Madrid. There are "several groups" interested in Cepisa including potential Spanish buyers, Colnago said, without elaborating.