June 4, 2019 |
Brazil's Light said it could sell shares in a follow-on offering, but it did not reveal the size of the deal or say when it could come to market.
The power company's shareholders could participate in the deal, which is open to investors in Brazil and abroad, the Rio de Janeiro-based power company said in a securities filing.
The Minas Gerais state power company Cemig owns 50% of Light, while the national development bank BNDES has 9.39% through its equity investments division BNDESPar.
Brazilian power company says it is considering a follow-on offering to pay down debt