Eletrobras puts size on expected capital increase

Eletrobras puts size on expected capital increase

Equity Economy & Policy Capital Markets Energy Electricity Brazil

Brazil's state-owned power company Eletrobras will likely increase capital by BRL25 billion ($4.93 billion) next year as it winds its through an ongoing privatization process, CEO Rodrigo Limp said in an interview with local business newspaper Valor Econômico. Shares in Eletrobras rose just 0.71% after the report to close at BRL45.11 on Thursday, but they have gone up 31.6% since the start of the year as the government has pledged to offload a majority stake in the business. The Chamber of Deput

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