February 10, 2022
Brazilian power company Equatorial Energia raised BRL2.78 billion ($533 million) in follow-on offering to fund the acquisition of wind energy producer Echoenergia, it said in a securities filing.
Equatorial issued 118 million common shares for BRL23.50 each in the offering, a discount from the closing price of BRL23.76 per share on Tuesday. Shares in Equatorial rose 0.67% after the offering to close at BRL23.92 on Wednesday.
The São Luís-based company had planned to sell at least 87.7 million sh
Brazilian power company raises $533 mln to fund the purchase of the wind energy producer