Furnas obtained approval from the majority of debenture holders to invest R$ 1.58 billion in Madeira Energia (Mesa), avoiding the suspension of Eletrobras’ capitalization process, whose pricing is scheduled for Thursday (9).
Eletrobras’ share offering could reach R$ 35 billion. Mesa is the company that controls the Santo Antônio Hydroelectric Power Plant, which has the concession to operate the hydroelectric plant. With the contribution, made through the subscription of Mesa’s capital increase, Furnas will now hold a 72.4% stake in the company, up from 43.06% until then.
Earlier, the Attorney General’s Office obtained a favorable decision from the Rio de Janeiro Court of Justice and overturned an injunction that had suspended the holding of the Furnas meeting.
It was the president of the TJ-RJ himself, judge Henrique Carlos de Andrade Figueiredo, who granted the decision in favor of the government.
The request to suspend the meeting was made by the Furnas Employees Association, alleging that the minimum deadline for its holding was not respected and that it was not duly informed.
Officials say the meeting is necessary because there was an alleged breach of the debenture contract in an operation that led to a financial contribution to Madeira Energia, responsible for the Santo Antônio hydroelectric plant.
*With information from the State Agency
Posted by Thamara Kaoru
Source: CNN Brasil
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