|Bid||24.90 x 0|
|Ask||27.30 x 0|
|Day's Range||25.64 - 27.00|
|52 Week Range||13.98 - 45.10|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||21.87|
The construction unit of Brazilian conglomerate Odebrecht SA is seeking to win $18 billion in engineering contracts in the next two years and could partner with a strategic foreign investor, the unit's chief executive, Fabio Januário, told Reuters. Januário said a foreign partner could help to reduce dependence on Brazil's oil and gas sector, whose fortunes have swung sharply over the past decade with the price of crude oil.
Brazilian power distributor Eletropaulo Metropolitana Eletricidade de São Paulo said its board has unanimously approved a 1.5 billion real capital increase. In a securities filing late on Thursday, the ...
Moody's Investors Service ("Moody's") has affirmed the Baa3 senior unsecured rating of Enel Americas S.A. (Enel Americas). The rating action follows the announcement, on June 04, 2018, that the company's subsidiary, Enel Brasil S.A., acquired a 73.38% stake in Brazilian regulated utility Eletropaulo Metropolitana Eletricidade de Sao Paulo S.A. (Eletropaulo,) for an amount of BRL5.55 billion, with a BRL1.50 billion additional capital injection commitment.
** Rupert Murdoch faces a 22 billion pound ($29.3 billion) fight with U.S. cable company Comcast for European pay-TV company Sky after Britain cleared his bid providing he sells off its TV news business. ** BNP Paribas, France's biggest bank, has its eye on bolt-on acquisitions in Germany, the head of the group's German business Lutz Diederichs said. ** Chinese conglomerate HNA Group said it had agreed to sell a stake of 26.5 percent in Spain's NH Hotels to Thai Minor International.
Italy's Enel SpA outbid Spanish utility Iberdrola SA with a 7.6 billion reais bid for Brazilian grid operator Eletropaulo Metropolitana Eletricidade de Sao Paulo SA, according to a Wednesday securities ...
The Brazilian unit of Italian utility Enel SpA on Wednesday presented the highest bid for shares of power grid operator Eletropaulo Metropolitana Eletricidade de Sao Paulo SA, according to an Eletropaulo ...
Italian power giant Enel SpA won a highly contested multibillion-dollar battle for AES Corp.’s Brazilian utility in a move that will more than double its presence in the country’s electricity distribution market. Enel’s 45.22 reais-a-share ($12.14) offer for Eletropaulo SA topped a final one by leading rival Iberdrola SA of Spain in sealed bids opened late Wednesday on the Sao Paulo stock exchange. Enel already has three distribution companies in Rio de Janeiro, Ceara and Goias states, delivering power to millions of clients.
MILAN/MADRID, May 24 (Reuters) - A bitter feud over a Brazilian power grid operator has taken a global rivalry to new levels as Europe's top two utilities ready $1.5 billion-plus bids for Eletropaulo. Brazil's biggest power distributor became one of the world's most prized power assets last month when Italy's Enel and Spain's Iberdrola locked horns in a country both see as key to expansion, virtually doubling its value overnight. Although Enel outdid Iberdrola in an early skirmish with a 32.2 reais per share bid for Eletropaulo, best offers are due on Thursday in a complex bidding process, with sources close to the auction saying there could be room to raise the bar.
Eletropaulo, Brazil's largest power distribution company by revenue, provided details on Monday of the rules for an auction for companies to acquire a controlling stake in the firm. According to a presentation to investors, Eletropaulo Metropolitana Eletricidade de Sao Paulo SA, as the company is formally known, said interested companies would have to deliver their offers to the Sao Paulo's exchange B3 by the end of May 24. Eletropaulo said that it will be possible for another company to present an offer between May 24 and June 4, if that is 5 percent bigger than the largest one standing.
Brazilian development bank BNDES is in talks with four companies interested in acquiring the operation of Viracopos airport, the bank's Chief Executive Officer Dyogo Oliveira said on Tuesday. Viracopos's operator filed for bankruptcy protection on Monday and Oliveira said the bank will try to find a solution before the courts decide on the reorganization. According to the CEO, European and Asian companies are interested in operating the airport.
Spanish utility Iberdrola (IBE.MC) locked horns with Enel (ENEI.MI) on Thursday, alleging its Italian rival's state control was resulting in unfair competition. Enel, which rejected the allegations, and Iberdrola are involved in a heated contest to control Eletropaulo (ELPL3.SA), Brazil's largest power distribution company.
SAO PAULO (Reuters) - Brazil power company Eletropaulo Metropolitana said in a securities filing that Italy's Enel has raised its takeover bid for the company to 32.20 reais per share. The bid values Eletropaulo ...
Brazil power company Eletropaulo Metropolitana said in a securities filing that Italy's Enel has raised its takeover bid for the company to 32.20 reais per share. The bid values Eletropaulo at 5.39 billion ...
BRASILIA (Reuters) - Brazilian securities regulator CVM has set a May 18 deadline for companies to bid for Eletropaulo Metropolitana SA (ELPL3.SA) in a live auction on Brazil's stock exchange, the company ...
Iberdrola SA, Spain’s largest power company, raised its bid for Brazilian electricity distributor Eletropaulo SA late Friday, topping an offer made by Italy’s Enel SpA on Thursday. Iberdrola’s Brazilian unit Neoenergia increased its per-share offer to 29.40 reais ($8.61) from 25.51 reais, according to a statement. Enel said Thursday it would boost a promised capital injection to 1.5 billion Brazilian reais from 1 billion to sweeten its 28 reais-a-share offer.
The bidding war for Brazil’s prized Eletropaulo SA utility is heating up with two European power giants looking to best each other’s bids.
Iberdrola SA, Spain’s largest power company, is considering raising its offer for Brazilian electricity distributor Eletropaulo SA, escalating a bidding war for the AES Corp. unit, according to people ...
(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions ...
Italy's Enel SpA has launched a takeover offer to shareholders in Brazil's power distributor Eletropaulo Metropolitana SA at 28 reais per share, the distributor said in a securities filing on Tuesday. Enel's offer came hours after rival Neoenergia SA , controlled by Spain's Iberdrola SA and Brazilian pension funds, unveiled a rival takeover offer at 25.51 reais per share.
Enel Brasil has expressed an interest in possibly taking part in a share offering being planned by Eletropaulo, Brazil's largest power distribution company said in a securities filing late Thursday. Eletropaulo ...
Brazil's state-controlled power company Centrais Elétricas Brasileiras SA said on Friday that Eletropaulo, Brazil's largest power distribution company, has agreed to pay it 1.4 billion reais to settle ...
Brazilian power utility Eletropaulo Metropolitana Eletricidade de Sao Paulo SA is considering a follow-on share offering, the company said in a securities exchange filing on Thursday. The company said ...