The worker who used his Severance Indemnity Fund (FGTS) to buy shares in the privatization of Eletrobras managed to take 66.79% of what he reserved, according to the statement on the operation, which moved R$33.7 billion.
As the demand for the FGTS was high, reaching R$ 9 billion, with 370 thousand people reserving the shares, according to sources, it was necessary to make the apportionment.
In the total offer, R$ 6 billion was allocated to workers who used the FGTS.
The investor who used his FGTS to enter the offer will not be able to dispose of the investment for a period of at least 12 months, except in some cases, such as dismissal.
The difference between the requested amount and the total that will be effectively invested will be returned to the worker’s account, subject to the usual correction rules.
This is the first time that the worker has been able to use part of his FGTS balance to buy shares since the megacapitalization of Petrobras in 2010.
The great demand, according to analysts, is explained by the possibility of higher profitability than that provided by the FGTS, of 3% + TR per year.
Source: CNN Brasil
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