Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 1.005

-6.9%

Nov 19 3:59 PM EST

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To: Steve Fancy who wrote (7911)	9/11/1998 6:06:00 PM
From: Steve Fancy	Read Replies (1) of 22640

Telebras units to begin trading on Sept 21 Reuters, Friday, September 11, 1998 at 17:37 RIO DE JANEIRO, Sept 11 (Reuters) - Shares from the 12 spin-off units of Brazil's recently privatized telephone company Telebras (SAO:TELB4) will begin trading on domestic exchanges on September 21, the president of the Brazil's Securities Exchange Commission (CVM) said on Friday. CVM president Francisco da Costa e Silva said the CVM had authorized listing the 12 holdings as openly exchanged companies, a prerequisite to trading. "Today we authorized listing the 12 companies created from Telebras and we determined the stocks can be negotiated starting September 21," he said. Copyright 1998, Reuters News Service

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