|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6.24 - 6.49|
|52-week range||6.24 - 6.49|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.55 (8.76%)|
|1y target est||2.50|
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