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Centrais Eletricas Brasileiras SA (ELET3.SA)

ELET3.SA on Sao Paulo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Brazil's audit court suspends sale of Eletrobras' stake in transmission co Intesa- Filing
Thursday, 2 Aug 2018 

Aug 1 (Reuters) - Centrais Eletricas Brasileiras SA ::BRAZIL'S AUDIT COURT SUSPENDS SALE OF POWER HOLDING CO ELETROBRAS' STAKE IN TRANSMISSION CO INTESA- FILING.BRAZIL'S AUDIT COURT SAYS NEGOTIATIONS BETWEEN ELETROBRAS AND EQUATORIAL FOR STAKE SHOULD BE SUSPENDED PENDING REVIEW OF NEW REQUIREMENTS- FILING.BRAZIL'S ELETROBRAS SAYS AUDIT COURT HAS REQUESTED "SPECIFIC ACTIONS" BEFORE ASSET SALES- FILING.  Full Article

Eletrobras CEO expects approval of privatization bill in 75 days
Wednesday, 16 May 2018 

May 16 (Reuters) - Centrais Eletricas Brasileiras SA ::CEO OF BRAZIL'S ELETROBRAS SAYS IT IS URGENT TO SOLVE PRIVATIZATION OF ITS POWER DISTRIBUTION SUBSIDIARIES TO IMPROVE THE COMPANY'S FINANCIAL PERFORMANCE.ELETROBRAS CEO FERREIRA EXPECTS APPROVAL OF PRIVATIZATION BILL IN THE BRAZILIAN CONGRESS IN TWO AND A HALF MONTHS.  Full Article

Brazil to release soon privatization model for Eletrobras
Wednesday, 25 Oct 2017 

Oct 25 (Reuters) - :Brazil to publish privatization model for Centrais Elétricas Brasileiras SA <<>>, or Eletrobras, in coming days, says energy ministry official Fábio Lopes Alves.  Full Article

Eletrobras to sell minority stakes in some projects this year
Monday, 2 Oct 2017 

Oct 2 (Reuters) - :CEO of Brazil's Centrais Elétricas Brasileiras SA <<>>, or Eletrobras, Wilson Ferreira Jr says company weighs keeping a 30 percent stake in power distribution firms put for sale.Eletrobras CEO Ferreira Jr says company to sell minority stakes in some projects this year.Eletrobras CEO said company will share some information regarding privatization model by year-end.  Full Article

Shanghai Electric quits talks to buy Eletrosul Brazil power projects

SAO PAULO China's Shanghai Electric Group gave up on negotiations to buy power transmission projects in Brazil from Eletrosul, a subsidiary of Centrais Elétricas Brasileiras SA , or Eletrobras, according to a market filing on Friday.