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LatinNews Daily - 06 December 2022
In brief: Brazil’s Eletrobras to float incorporation of subsidiary shares
* The board of Brazilian electricity company Eletrobras, which was privatised in June this year, has announced that it will propose to shareholders the incorporations of shares of its subsidiaries – Companhia Hidro Elétrica do São Franscisco (CHESF), Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil (CGT Eletrosul), Furnas – Centrais Elétricas (Furnas), and Centrais Elétricas do Norte do Brasil (Eletronorte). In a statement, the board said that the incorporation would “unlock highly relevant value levers regarding the management and organisation of these subsidiaries, which will ultimately be reflected in the expected future growth and profitability of Eletrobras itself”.
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