ELPL3.SA - Eletropaulo Metropolitana Eletricidade de São Paulo S.A.

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
30.90
+0.82 (+2.73%)
At close: 6:05PM BRST
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Previous Close30.08
Open30.39
Bid28.00 x 0
Ask32.00 x 0
Day's Range30.17 - 30.90
52 Week Range13.98 - 45.10
Volume11,200
Avg. Volume28,417
Market Cap6.101B
Beta (3Y Monthly)0.09
PE Ratio (TTM)N/A
EPS (TTM)-6.33
Earnings DateNov 12, 2018
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2017-04-24
1y Target Est22.86
  • Reuters6 days ago

    Italy's Enel plays down talk of move for Colombia's Electricaribe

    Italy's Enel (ENEI.MI) played down talk it was interested in buying Colombian distributor Electricaribe after citing acquisitions as one of the reasons for raising its 2018 debt guidance on Tuesday. Enel CFO Alberto De Paoli told analysts the utility had paid a fee to look at the books of Electricaribe but said this made sense for a power company operating in the area. Recent press reports have said that Enel could be interested in buying Electricaribe.

  • Reuterslast month

    Brazil's Eletropaulo walks back CEO naming; current chief to stay

    Eletropaulo, Brazil's largest power distributor, said on Tuesday it would keep Charles Lenzi as Chief Executive Officer for the time being as it withdrew the name of another executive to replace him. The ...

  • Reuters2 months ago

    Brazil's BNDESPar raises 2018 divestment target to $2.9 bln -report

    The holding company of Brazil's development bank, BNDES, has increased its 2018 divestment target to 12 billion reais from 10 billion reais, Chief Executive Dyogo de Oliveira told newspaper Valor Econômico ...

  • Reuters3 months ago

    Brazil's Odebrecht open to foreign partner for construction unit

    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.

  • Reuters4 months ago

    Brazil's Eletropaulo Metropolitana approves $400 mln capital raise

    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's5 months ago

    Enel Americas S.A. -- Moody's affirms Enel Americas Baa3 rating following Eletropaulo's acquisition; outlook negative

    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.

  • Deals of the day-Mergers and acquisitions
    Reuters5 months ago

    Deals of the day-Mergers and acquisitions

    ** 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.

  • Reuters5 months ago

    Enel beat Iberdrola with $2 bln bid for Eletropaulo

    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 ...

  • Reuters5 months ago

    Enel outbids Iberdrola unit for Brazil utility Eletropaulo

    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 ...

  • Enel Ends Up on Top in Bid War for $2 Billion Brazil Utility
    Bloomberg5 months ago

    Enel Ends Up on Top in Bid War for $2 Billion Brazil Utility

    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.

  • Reuters6 months ago

    European utility power struggle goes to the wire in Brazil

    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.

  • Reuters6 months ago

    Brazil's Eletropaulo sets out guidelines for acquisition auction

    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.

  • Reuters6 months ago

    Brazil development bank CEO: Four companies interested in Viracopos airport

    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.

  • Reuters7 months ago

    Iberdrola ups stakes in Enel Brazil battle with EU call

    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.

  • Reuters7 months ago

    Italy's Enel raises takeover bid for Brazil's Eletropaulo to $1.54 billion

    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 ...

  • Reuters7 months ago

    Italy's Enel raises takeover bid for Brazil's Eletropaulo to $1.54 bln

    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 ...

  • Reuters7 months ago

    Brazilian regulator sets May 18 to bid in Eletropaulo auction

    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 Bests Enel With Higher Offer for Brazil Utility
    Bloomberg7 months ago

    Iberdrola Bests Enel With Higher Offer for Brazil Utility

    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.

  • Billion-Dollar Brazil Utility Fight Heats Up With New Bids
    Bloomberg7 months ago

    Billion-Dollar Brazil Utility Fight Heats Up With New Bids

    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 Is Said to Consider Higher Offer for Eletropaulo
    Bloomberg7 months ago

    Iberdrola Is Said to Consider Higher Offer for Eletropaulo

    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 ...

  • Reuters7 months ago

    Deals of the day-Mergers and acquisitions

    (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 ...

  • This Brazilian Power Business Just Triggered a Billion-Dollar Bidding War
    Bloomberg7 months ago

    This Brazilian Power Business Just Triggered a Billion-Dollar Bidding War

    It seems like everybody wants to buy Eletropaulo.

  • Reuters7 months ago

    Italy's Enel offers 28 reais per share to takeover Brazil's Eletropaulo

    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.