Eletrobras calls a meeting in February to resolve on capitalization

Eletrobras convened, this Thursday (20), the extraordinary general meeting of shareholders that will decide on the capitalization of the company.

The meeting was scheduled for February 22, at 2 pm, and will be held completely digitally, according to documents sent by the company to the Securities and Exchange Commission.

Shareholders will decide on the conditions for privatization, which is still in progress despite not yet having received approval from the Federal Audit Court.

Part of the issues related to privatization will be voted on as a block. Included in this scheme, for example, is the restructuring of the company to segregate the assets of Itaipu Binacional and Eletronuclear — which must remain under state control — and the obligation to make investments in the revitalization of hydrographic basins.

In a statement, Eletrobras stressed that some conditions for privatization may still be changed, depending on the outcome of the process within the TCU.

The court still needs to give its approval to important privatization procedures, including the amount that will be paid by Eletrobras to the Union to renew the hydroelectric concessions under the new regime.

In parallel, the TCU will also analyze capitalization modeling, which provides for an offering of shares on the Brazilian and North American stock exchanges.

This month, the company announced that it plans to file applications for registration of the global public offering for the distribution of common shares and American Depositary Receipts (ADR) in the second quarter.