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Pampa Energia SA (PAMP.BA)

PAMP.BA on Buenos Aires Stock Exchange

53.75ARS
22 Feb 2019
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$0.50 (+0.94%)
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Mon, Dec 10 2018

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Brazil's Eletrobras sells unit at auction, assumes $3.3 billion debt

SAO PAULO Brazilian state-controlled power company Eletrobras on Monday sold its power distribution subsidiary Amazonas Energia at an auction, but said it will assume 13 billion reais ($3.33 billion) in debt before passing it on to the new owner.

UPDATE 1-Brazil's Eletrobras sells unit at auction, assumes $3.3 bln debt

SAO PAULO, Dec 10 Brazilian state-controlled power company Eletrobras on Monday sold its power distribution subsidiary Amazonas Energia at an auction, but said it will assume 13 billion reais ($3.33 billion) in debt before passing it on to the new owner.

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