Home Business Eletrobras shares shall be surrender from November 15th: CEO

Eletrobras shares shall be surrender from November 15th: CEO

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Wilson Ferreira Junior Eletrobras CEO

 

Eletrobras CEO, Wilson Ferreira Júnior said he just believe that the process of issuing company’s shares, which results ha in the dilution of the Union contribution to the range of 40% will take place from November 15.

“We will publish the company balance at third quarter the from November 15 , and from there we will issue,” said Ferreira Jr. on Wednesday Mar. 21th.

This is a second “window of opportunity” with which the president of Eletrobras works for privatization operation. The first would be for the period from August 15 to November 15, when the issue would be made on the basis of the second quarter financial data.

But the period would be too tight, according to the executive. For him, making an issue from the 15th of November (date of publication of the balance sheet), with the third quarter data is more feasible. And, after the elections, it would be even easier. “All companies are planning emissions [financial] for the second half will do so after the elections.”