Brazil Daily

⚡ The biggest share offering in 12 years

Good morning! Today, we explain the massive Eletrobras share offering. And Brazil’s diplomatic woes with the U.S. and Chile.

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A historic move for Brazil’s energy sector

eletrobras privatization
Data panel at the Eletrobras headquarters, in Rio de Janeiro. Photo: Fernanda Frazão/ABr

Brazil’s massive state-controlled energy company Eletrobras confirmed, in a securities filing, that it has priced offered shares at BRL 42 in a move that results in the firm’s privatization. The deal will raise BRL 29.3 billion (USD 5.9 billion). Demand for shares was...

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