Brazil's Eletrobras Gets Bondholders' OK to Sell Cteep Stake [Yahoo! Finance]
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Source: Yahoo! Finance
share sale of its stake in ISA Cteep-Companhia de Transmissão de Elétrica Energia Paulista, according to people familiar with the matter. Most Read from Bloomberg Ray Dalio's Famous Trade Is Sputtering, Investors Bailing Tesla Stock in ‘No Man's Land' After 43% Rout Ahead of Earnings Billionaire Pinaults Fight to Pull Gucci Off the Discount Rack ‘Magnificent Seven' Roar Hours Away From Earnings: Markets Wrap Apple's China iPhone Sales Dive 19% in Worst Quarter Since 2020 The transaction may occur anytime and would raise around 4 billion reais ($780 million), the people said, asking not to be identified discussing information that's not public. The timing would depend on market conditions, the people said. On Oct. 31, Eletrobras said its board approved “the structuring of a potential public offering of preferred stocks” from Cteep, and the hiring of Citigroup Inc, Banco Itau BBA SA, Banco Safra SA and XP Inc as underwriters. But Eletrobras put the deal on hold less than
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