|Bid||4.99 x 3000|
|Ask||5.04 x 1000|
|Day's range||4.99 - 5.15|
|52-week range||3.43 - 9.06|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.55 (9.29%)|
|1y target est||2.50|
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.
A Brazilian government plan to sell billions of dollars in national energy assets to reduce the country’s deficit has hit a series of roadblocks this week -- first from Congress and now from the Supreme Court. Two Supreme Court injunctions Wednesday and congressional delays on Tuesday have raised new hurdles to the privatization of state-run power company Eletrobras as well as for the planned sale next month of some of its troubled units. “This will probably be dragged on for the next government to deal with,” Pedro Galdi, an investment analyst with Mirae Asset Wealth Management, said in a phone interview from Sao Paulo after the congressional move Tuesday.
BRASILIA (Reuters) - Centrais Elétricas Brasileiras SA and Petróleo Brasileiro SA are close to agreeing on a deal to solve a dispute involving 20 billion reais ($5.75 billion) worth of Eletrobras debt, ...
RIO DE JANEIRO (Reuters) - Brazil's incoming energy minister will boost chances of approval in Congress of a bill outlining the rules for the privatisation of Eletrobras, the state-controlled power utility's ...
The battle over privatizing Latin America’s largest utility hinges on a parched river winding through the dusty highlands of northeast Brazil.
The chief executive officer of Brazil’s state-owned utility Eletrobras remains confident that a controversial plan to take the company private will succeed this year despite opposition from lawmakers and ...
Brazil's state-controlled power company Eletrobras aims to settle U.S. class action lawsuits before it begins what is expected to be the country's largest privatization in almost two decades, Chief Executive Wilson Ferreira Jr said on Wednesday. Investors in the United States have sued Centrais Elétricas Brasileiras SA (Eletrobras) after the company reported large losses related to a sprawling corruption scandal in Brazil.
Brazilian state-controlled oil company Petróleo Brasileiro SA (PETR4.SA) owes the government billions of dollars tied to offshore exploration rights but is unlikely to pay this year, a cabinet minister said. The government's 2018 budget does not include any revenue from the so-called "transfer of rights" area that has sparked a dispute with the company also known as Petrobras, Planning Minister Dyogo Oliveira said in an interview on Thursday. In 2010, Brazil exchanged offshore exploration rights for equity in Petrobras.
Brazilian President Michel Temer signed a measure that paves the way for the privatization of Eletrobras, Latin America’s largest power company, according to a government official.
RIO DE JANEIRO (Reuters) - Brazil's state-controlled utility Centrais Elétricas Brasileiras SA will soon announce agreements to sell minority stakes in projects such as wind farms and power transmission ...
BRASILIA (Reuters) - Brazil's government has approved the privatisation model for the power distribution units of state-run company Eletrobras (ELET5.SA), Adalberto Vasconcelos, who heads the body overseeing ...
, an official at electricity regulator Aneel told Reuters. The project in Rio Grande do Sul state requires roughly 3.3 billion reais ($1.0 billion) in investment and had originally been awarded to the Eletrobras unit Eletrosul Centrais Eletricas SA, or Eletrosul. Closure of the deal depends on Shanghai Electric accepting conditions imposed by Aneel, said Director José Jurhosa, who heads the agency's unit overseeing the case.
French energy conglomerate Engie SA (ENGIE.PA) has appetite for more Brazil acquisitions, and will evaluate assets being sold by Eletrobras, despite spending more than $1 billion (755.29 million pounds) in a licensing auction last week, Engie's local unit head told Reuters on Wednesday. Brazil's state-controlled utility Eletrobras, or Centrais Elétricas Brasileiras SA (ELET5.SA), said on Monday it will soon kick-start its divestiture plan which includes stakes in dozens of projects, mostly wind parks and power transmission ventures. "We are open to opportunities, but always conservatively and with financial discipline," Mauricio Bahr, Engie Brasil's chief executive, said in an interview in Sao Paulo.
Brazil's Congonhas airport in Sao Paulo is among a number of public sector assets President Michel Temer has announced he hopes to privatize, in what critics see as an irresponsible fire sale