RIO DE JANEIRO, BRAZIL - The shareholders of Eletrobras are meeting this Tuesday, February 22, to decide on the company's capitalization process, expected to occur through a stock offering on the Brazilian stock exchange, B3, and in New York. The operation is scheduled for May, sources said.
The electric company's privatization will be done in the form of a capitalization, i.e., an offer of new company shares will be made. As the Federal Government will not invest in the offer, its share in the voting capital will drop from 72.33% to 45%, thus no longer controlling the . . .
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