Analysis & Comment

Brazil's Eletrobras says expects privatization by May 2022

FILE PHOTO: The logo for Eletrobras, a Brazilian electric utilities company, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid

RIO DE JANEIRO (Reuters) – Brazil’s state-run power company Eletrobras said in a presentation on Wednesday that the follow-on share offering for its privatization is expected to happen by May 2022.

Eletrobras Chief Executive Rodrigo Limp said on a conference call that the company has decided to delay the transaction, which was previously expected to happen in February, so it could include data from the fourth quarter of 2021.

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