|Bid||36.01 x 0|
|Ask||36.60 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||1.96|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||26.97|
Brazil's Economy Minister Paulo Guedes said on Friday that the model used to privatize six distributors owned by Centrais Eletricas Brasileiras is an example to be followed in the future, such as in the ...
Brazil's Retiro Baixo hydroelectric plant has suspended operations to preserve its equipment but the dam is safe, state-owned Eletrobras said, after last week's deadly disaster at a mining dam owned by Vale. Vale's Brumadinho tailings dam, used to store the muddy detritus from mining, collapsed on Friday, killing at least 84 in one of Brazil's largest industrial accidents on record. The Retiro Baixo plant in Minas Gerais, which has 82 megawatts (MW) capacity, is owned Eletrobras subsidiary Furnas and by state mining company Cemig.
Brazil's new government will support state-run utility Centrais Eletricas Brasileiras SA raising capital but whether that is through privatization or another format has not yet been determined, Chief Executive Wilson Ferreira said on Tuesday. Ferreira told Reuters he has begun to discuss how to capitalize Eletrobras, as the company is known, with Mines and Energy Minister Bento Albuquerque, but not yet with Economy Minister Paulo Guedes or President Jair Bolsonaro. The previous government tried that but was not able to get a bill authorizing the operation through Congress last year.
SAO PAULO (Reuters) - Brazilian construction conglomerate Odebrecht SA has agreed to pay 161.9 million reais (£32.8 million) to Centrais Eletricas Brasileiras SA in a deal with authorities to ...
Brazilian construction conglomerate Odebrecht SA has agreed to pay 161.9 million reais to Centrais Eletricas Brasileiras SA in a deal with authorities to help settle corruption allegations against it, ...
Brazil's Equatorial Energia won an auction on Friday to acquire 90 percent of an electric distributor owned by state-controlled company Eletrobras for 45 billion reais , according to a securities filing. ...
The privatization auction of a unit of Brazilian state-run power holding company Centrais Eletricas Brasileiras SA was delayed to accommodate investors who needed more time to examine the unit, the company's chief executive said on Monday. Many potential buyers had requested information in the last week about the Ceal unit, said Wilson Ferreira Jr, the CEO of Eletrobras, as the company is known. The successful sale of Ceal would mark Eletrobras' complete exit from electricity distribution, having already sold off five other subsidiaries in the segment, which together had accumulated billions of dollars in losses over decades.
The privatization auction of a unit of Brazilian state-run power holding company Centrais Eletricas Brasileiras SA was delayed to accommodate investors who needed more time to examine the unit, an executive said on Monday. Many potential buyers had in the last week been requesting information about Ceal, as the unit is known, the CEO of Eletrobras, as the company is known, Wilson Ferreira Jr., said. Earlier on Monday, Eletrobras delayed the auction, without saying why.
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.
Moody´s América Latina Ltda., ("Moody´s") today upgraded the Corporate Family Rating (CFR) of Brennand Energia S.A ("BESA" or "the company") to Ba2 from Ba3 on the global scale, and to Aa3.br from A2.br on the national scale. The outlook is stable for all ratings. The upgrade of the ratings reflects the positive track record that the company has built over the last three years through consistent improvements in operating performance, despite the negative impact stemming from poor hydrology conditions affecting hydropower water reservoirs in Brazil.
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.
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. ...