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Taesa Nudges Back Equity Sale

Jul 11, 2012

Brazil's Transmissora Alianca de Energia Eletrica (Taesa) has pushed back the pricing of its BRL1.2bn-plus ($588m) equity sale to July 19 from July 18, it says. In the “re-IPO” sale the Cemig-controlled transmission operator plans to sell 20m units at BRL60.00-BRL70.00 each. This would indicate a BRL1.50bn...

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"[While] it’s good to build more infrastructure and increase investment, you have to be conscious about the macro effects of too big an increase in domestic demand, including of course public expenditure."

Julio Velarde, Peru central bank


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