|Bid||9.10 x 900|
|Ask||9.13 x 2900|
|Day's range||9.00 - 9.55|
|52-week range||4.69 - 9.55|
|Beta (5Y monthly)||0.86|
|PE ratio (TTM)||10.70|
|Forward dividend & yield||0.70 (7.84%)|
|Ex-dividend date||12 May 2021|
|1y target est||N/A|
(Bloomberg) -- Power utility Eletrobras jumped after Brazil’s senate passed a proposal to privatize the company, as the government’s plan to shrink the size of the state plows ahead.Senators approved by 42-37 votes a bill that allows the government to raise an estimated 60 billion reais ($11.9 billion) through an offering of shares of the company. The original text was changed a few times to accommodate lawmaker demands and will return to the lower house for a second vote.Common shares of Eletro
Such statements, operational goals and financial goals are basically beliefs and expectations of Eletrobras' Boards of Directors and information available to the Company. Today, we have the new Chairman of Eletrobras, Mr. Rodrigo Limp; Ms. Elvira Presta, Financial Director and IR Officer; and Mr. Pedro Jatoba, Generation Director.
Brazilian President Jair Bolsonaro went to Congress on Tuesday to deliver a provisional measure associated with his government's plans to privatize state-run electricity provider Eletrobras. Bolsonaro, who is under fire for announcing a shakeup at Petrobras that sent the oil company's stock tumbling due to fears of government meddling, delivered the measure in person to show his commitment to privatizing state firms. "Our privatization agenda is going full steam ahead," he said after meeting with the leaders of Congress.