Shareholders of Brazil's Light plan to sell stock

SAO PAULO, June 10 (Reuters) - Shareholders of Brazilian power utility Light (LIGT3.SA) filed to sell shares in a secondary offering, the company said on Wednesday.

BNDESPar, the investment holding firm of Brazil's state development bank BNDES, and France's EDF International (EDF.PA) will relinquish part of their stakes in Rio de Janeiro-based Light as part of the transaction, the company said.

Light didn't disclose terms of the offerings and gave no timetable for the transactions.

Brazilian stock and debt offerings, which have tumbled during the financial meltdown, are expected to recover in coming months as risk aversion eases and borrowing costs hit new lows.

Initial public offerings of stocks had their worst start of the year since at least 2002 because of the impact of the credit crisis that worsened late last year.

(Reporting by Elzio Barreto and Guillermo Parra-Bernal)