June 11, 2021 |
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
Brazil's state-owned power company plans to raise $5 bln as the government dilutes its majority stake