UPDATE 1-Brazil gov't sees Eletrobras sale approval by end of May [Reuters]
VALE S.A. American Depositary Shares Each Representing one common share (VALE)
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Source: Reuters
Brazil government sees Eletrobras sale approval by end of May | Reuters Reuters Staff 2 Min Read BRASILIA (Reuters) - The Brazilian government expects to secure Congressional approval for the privatization of utility Centrais Eletricas Brasileiras SA ( ELET6.SA ), known as Eletrobras, by the end of May, political affairs minister Carlos Marun said on Tuesday. A bill laying out how Eletrobras will be privatized by diluting state control with a capital increase via a secondary offer of shares is currently being debated in committee. A temporary decree authorizing the sale is also before lawmakers. Marun said another decree was being drawn up to include Eletrobras in the National Privatization Plan which will allow for the funding of studies on the sale of Eletrobras. The government hopes to raise 12 billion reais ($3.5 billion) from the privatization, which would help it meet its targets in controlling the primary fiscal deficit this year if the plan does not run into opposition by la
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VALE
Earnings
- 4/24/24 - Miss
VALE
Sec Filings
- 4/24/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/19/24 - Form 20-F
- VALE's page on the SEC website