Showing results for "Eletrobras"
markets
Eletrobras Said to Get Bondholders’ OK to Sell Cteep StakeCentrais Eletricas Brasileiras SA, a Brazilian power company known as Eletrobras, obtained bondholders’ approval to carry out a public share sale of its stake in ISA Cteep-Companhia de Transmissão de Elétrica Energia Paulista, according to people familiar with the matter.April 23, 2024
markets
Petrobras Chair Returns to Divided Board of Oil Producer in Political ShowdownA Brazilian judge has reinstated Petroleo Brasileiro SA’s chairman as acrimony intensifies between government-appointed board members and those representing minority shareholders of Latin America’s largest oil producer.April 17, 2024
politics
Brazil Aims to Lower Electricity Bills With Eletrobras FundsPresident Luiz Inacio Lula da Silva intends to issue a provisional measure next week designed to lower Brazil’s electricity prices through the securitization of payments owed by the country’s largest power generation company, according to an official familiar with the plan.March 28, 2024
markets
Brazil State Said to Sell Copel’s Control in $1.1 Billion OfferUtility Companhia Paranaense de Energia is set to be privatized as its controlling holder, the Brazilian state of Parana, is shedding its stake in an equity offering that raised 5.2 billion reais ($1.1 billion), according to people familiar with the matter.August 8, 2023