July 27, 2018 / 10:23 AM / in 3 months

Brazil's Eletropaulo Metropolitana approves $400 mln capital raise

SAO PAULO, July 27 (Reuters) - Brazilian power distributor Eletropaulo Metropolitana Eletricidade de São Paulo said its board has unanimously approved a 1.5 billion real ($400 million) capital increase.

In a securities filing late on Thursday, the company said 33,171,164 new common shares would be issued at the price of 45,22 reais apiece. ($1 = 3.7455 reais) (Reporting by Ana Mano; Editing by Kevin Liffey)

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