Maranhão is one of Brazil's poorest states, yet it has exactly one electricity distributor — a company that was nearly shut down by regulators twenty years ago and is now a quiet, cash-generating machine owned by the country's most acquisitive power group. Full nameEquatorial Maranhão Distribuidora de Energia S.A. Ticker / ExchangeEQMA3BF (ordinary shares, SOMA/B3, São Paulo) HeadquartersSão Luís, Maranhão, Brazil SectorRegulated electricity distribution (public utility) EmployeesNot disclosed in available sources Market value (market cap)R$ 5.00 bn (≈ US$ 960 m) Yearly sales (revenue, TTM)R$ 6.15 bn (≈ US$ 1.18 …
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