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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (1074)	9/12/2012 9:51:10 AM
From: Spekulatius	Read Replies (1) \| Respond to of 2508

Looks like the Brazil CIG, ELP and EBR are falling to pieces. No news that I could find quickly but there must be something going on that is not positive for these stocks. foxbusiness.com

To: Paul Senior who wrote (1074)	11/4/2012 3:32:22 AM
From: elmatador	Read Replies (1) \| Respond to of 2508

Brazil's Eletrobras to seek bigger compensation payout linked to the renewal of operating concessions BRASILIA \| Sat Nov 3, 2012 1:55pm EDT BRASILIA (Reuters) - State-run electricity holding company Eletrobras (ELET6.SA) plans to appeal against the amount it will receive in indemnities linked to the renewal of operating concessions, its CEO told the Estado de Sao Paulo newspaper on Saturday. The company, which owns and operates electrical facilities with partners all over the country, is set to be paid 14 billion reais ($6.89 billion) as part of concession renewals the government will use to cut power prices to consumers. That is less than half what it expected to receive. "We are going to prepare a complete report to try to convince the various organs to revise these calculations," said Eletrobras CEO Jose da Costa Carvalho in the report. He said the government had failed to include all the investments the company made that are relevant in calculating its compensation. The purpose of the revamped concessions is to remove from utility bills the portion of charges that power companies, in order to recoup their investments in energy infrastructure, have been passing on to end users. Under the new concessions, end users will no longer pay those charges and the government will indemnify the companies for the amount not yet recouped. ($1 = 2.0311 Brazilian reais) (Reporting by Peter Murphy; Editing by Vicki Allen)

To: Paul Senior who wrote (1074)	8/22/2017 12:21:15 PM
From: elmatador	Respond to of 2508

Electrobras Stock Up 36% In U.S. On Brazil Privatization News that Brazil plans sell government-controlled Electrobras stock sent shares skyrocketing Tuesday. By Dimitra DeFotis Aug. 22, 2017 10:59 a.m. ET Shares of power utility Centrais Eletricas Brasileiras ( EBR and ELET3.Brazil) rose 25% in Sao Paulo trading Tuesday and 36% in the U.S. after the Brazilian government said would reduce its controlling stake. Brazil stocks are getting a big lift today. The iShares MSCI Brazil Capped exchange-traded fund ( EWZ) was up 2.8% in recent trading, while the iShares MSCI Emerging Markets ETF( EEM) was up 1%. Shares of so-called Electrobras are still down 10% year to date, locally, despite the moonshot. The company, with a market value of U.S.$6.4 billion, produces and distributes electricity via "wind farms, solar panels and hydroelectric, thermoelectric, and thermonuclear plants." Electrobras' ordinary shares that trade in Sao Paulo pay a 2.16% yield. Roughly 60% of Electrobras shares are directly or indirectly owned by the Brazilian government, Dow Jones Newswires rerports. The government said it would retain a minority stake as was the case in the privatizations of Embraer ( ERJ), Brazil's airplane maker, and Vale(VALE), the iron-ore mining giant. The Brazilian government also controls shares of Petroleo Brasileiro or Petrobras ( PBR), the oil producer and refiner. The government's backing has aided Petrobras in becoming one of the most indebted energy companies in the world.