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Eletrobras announces stock offerings in New York, São Paulo

Summary by Ground News
The company will offer 627.6 million new shares and 69.8 million shares that currently belong to the Brazilian government. The tranche of new shares will be offered as American Depositary Receipts, in an attempt to cater to foreign investors. Market agents estimate the offer will raise BRL 30 billion (USD 6.33 billion)
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The Brazilian ReportThe Brazilian Report
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Eletrobras announces stock offerings in New York, São Paulo

Brazil's state-owned Eletrobras has moved forward with its privatization process by filing a securities offering in Brazil and the U.S. 

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The Brazilian Report broke the news in on Friday, May 27, 2022.
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