Eletrobras Sells Nuclear Subsidiary Stake to J&F in $98M Deal (EBR:NYSE)

Brazilian Shares Rise As Eletrobras Sheds Nuclear Stake And Global Tone Brightens

Brazil’s main stock gauge inched higher on Wednesday, with the Ibovespa up 0.65% to 142,603.66, while the real firmed to R$5.46 per dollar. The mood improved after Eletrobras advanced its exit from nuclear assets, easing a long-standing overhang, and a central-bank director said the economy is slowing as expected but not tipping into recession. The […]

Eletrobras sells nuclear subsidiary stake to J&F in $98M deal (EBR:NYSE)

Eletrobras agreed to sell its stake in Brazilian government controlled Eletronuclear to J&F Investimentos, the holding company controlled by Wesley and Joesley Batista, for 535 million reais

Batista Brothers' Firm Buys Eletrobras Nuclear Asset for $98 Million

Centrais Elétricas Brasileiras SA has entered a new phase of its business after agreeing to sell its nuclear subsidiary Eletronuclear to J&F Investimentos, the hold…

Batista Brothers’ Firm Buys Eletrobras Nuclear Asset for $98 Million

Centrais Elétricas Brasileiras SA has entered a new phase of its business after agreeing to sell its nuclear subsidiary Eletronuclear to J&F Investimentos, the holding company controlled by Wesley and Joesley Batista.