Eletrobrás

SÃO PAULO - On a day bad for stock markets around the world, including Singapore, shares of Eletrobrás (ELET3, ELET6) ended the trading session on Thursday (21) rise sharply under the influence of the flow of news involving the company name. Papers ordinary closed the session with a high of 4.09%, at R $ 38.20, while the Class B preferred shares registered an increase of 2.59%, at R $ 31.66.

The company announced on Wednesday that study, along with the federal government, carrying out a subscription of shares to raise capital to repay debt incurred with its shareholders. The state owes about $ 10 billion related to dividends retained in the 1970 and 1980. On Thursday, the Minister Edison Lobao announced that the government is studying a market capitalization of the company, proposed by the BNDES, and make a decision until January 31.

"It's an ongoing process to adjust Eletrobrás finances and pay dividends," said the executive secretary of the Ministry of Finance, Nelson Machado. According to technicians, the capitalization is necessary for the company to continue making investments, especially in works included in the PAC (Program to Accelerate Growth), after payment of dividends.

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In a statement sent to the market, the company itself clarified that there is an ongoing study with the controlling shareholder, ie the government, pursuing a way to settle the dividend.

"In this study are being considered all possible options, including the option of discharge of the reserve together with a simultaneous operation of capital increase, in which investors could subscribe for additional shares with proceeds from the dividend reserves" returned Eletrobrás.