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CPFL Files Renewables IPO

May 9, 2012

Brazilian power company CPFL has filed for the IPO of its CPFL Energias Renovaveis unit, according to regulatory documents. It plans to offer primary shares, as well as secondary shares owned by several investment funds, including...

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At a fundamental level, the issue is how to generate healthy returns in the medium to long term. Policy holders can see their fund go down over the course of a week or a month, but what we really should be looking at is returns over 20 or 30 years.

Daniel Schydlowsky, Peru’s banking, insurance and private pension fund regulator


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