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Centrais Eletricas Brasileiras SA (ELET6.SA)

ELET6.SA on Sao Paulo Stock Exchange

22.09BRL
26 Apr 2018
Change (% chg)

R$ 0.06 (+0.27%)
Prev Close
R$ 22.03
Open
R$ 22.29
Day's High
R$ 22.56
Day's Low
R$ 21.75
Volume
1,599,100
Avg. Vol
2,080,722
52-wk High
R$ 30.07
52-wk Low
R$ 15.41

Latest Key Developments (Source: Significant Developments)

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

Eletrobras CEO says not likely to execute 2016 capex target
Wednesday, 3 Aug 2016 

: CEO of Brazil's state-controlled power holding company Eletrobras , Wilson Ferreira Jr, says company not likely to execute full 10 billion real capex target in 2016 . CEO of Eletrobras says company plans to invest 33 billion reais in power generation, power transmission through 2020 (Reporting by Rodrigo Viga Gaier) ((Marcelo.Teixeira@thomsonreuters.com;)).  Full Article

Eletrobras hopes to relist U.S. shares in October - CEO
Wednesday, 27 Jul 2016 

: Brazil's state-controlled electricity holding company Centrais Elétricas Brasileiras SA (Eletrobras) hopes to relist its shares in New York in October, CEO Wilson Ferreira said on Wednesday. . The company expects an internal corruption investigation to finish in early September. The investigation must be done before the company can submit paperwork to the U.S. Securities and Exchange Commission. . Eletrobras shares stopped trading in the United States in May. Further company coverage: [ELET6.SA ] (Reporting by Leonardo Goy) ((caroline.stauffer@thomsonreuters.com;)).  Full Article

Brazil treasury cannot solve all Eletrobras problems -minister
Wednesday, 27 Jul 2016 

: The financing needs of Brazil's state-run power holding company Centrais Eletricas Brasileiras SA (Eletrobras) are very large, Mining and Energy Minister Fernando Coelho Filho said on Wednesday. . Brazil's treasury is not in a position to solve all of the company's problems, Coelho told reporters. Further company coverage: [ELET6.SA] (Reporting by Leonardo Goy) ((caroline.stauffer@thomsonreuters.com;)).  Full Article

Standard & Poor's reaffirms Centrais Eletricas Brasileiras' rating
Friday, 20 May 2016 

Centrais Eletricas Brasileiras SA :Announced on Thursday that Standard & Poor's had reaffirmed its corporate credit rating in global scale at "BB", in foreign and local currency, with negative outlook.  Full Article

Brazil's CCEE says electricity distributors in default for large amounts
Wednesday, 18 May 2016 

: President of Brazilian energy market clearing CCEE says some electricity distributors are in default for "important values" . He said, if nothing was done, problem would likely worsen .Brazil's electric energy sector is showing signs of extreme stress and fragility, after two years of drought that depleted hydroelectric reservoirs was followed by ample rains this year and a sharp economic slowdown and drop in demand.  Full Article

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Brazil government sees Eletrobras sale approval by end of May

BRASILIA The Brazilian government expects to secure Congressional approval for the privatization of utility Centrais Eletricas Brasileiras SA , known as Eletrobras, by the end of May, political affairs minister Carlos Marun said on Tuesday.