RIO DE JANEIRO, BRAZIL – Eletrobras (ELET3;ELET6) on Tuesday, January 11, announced that it intends to submit a registration request to the U.S. Securities and Exchange Commission (SEC) for a global public offering of common shares and American Depositary Receipts (ADRs), in the second quarter of 2022.
The stock offering is part of the company’s privatization plan, passed pursuant to Law No. 14,182, of July 12, 2021.
“The offering is subject to market and other conditions, including the shareholders’ approval and the offer being cleared by the relevant agencies, in accordance with applicable Brazilian and U.S. laws and regulations.”