Eletrobras now forecasts capitalization until May 2022, says president of the state-owned company

Eletrobras now forecasts capitalization until May 2022, says president of the state-owned company

Eletrobras updated the schedule for its capitalization, now forecasting that the “follow-on” operation will take place until May of next year, pointed out this Wednesday the president of the state-owned company, Rodrigo Limp.

Before, the company predicted for the first quarter of 2022 the offering of shares that should dilute the Union’s participation in the company.

The update, according to the executive, took place after the decision to carry out the operation based on data from the fourth quarter of 2021, which generates a period of up to 134 days for it to occur.

Limp also pointed out that the company should finalize in November the hiring of the syndicate of banks to structure the “follow-on” operation and distribution of the volume of shares to be issued by the company, in the midst of the privatization process.

In August, the executive had considered that the schedule that provided for the “follow-on” in February was “challenging”.

Reference: CNN Brasil