Groups opposed to the privatization of Eletrobras protest this Tuesday (14) in front of the headquarters of B3, the Brazilian Stock Exchange, in São Paulo.
President Jair Bolsonaro (PL) and Ministers Paulo Guedes (Economy) and Adolfo Sachsida (Minas e Energia) are on site to participate in the bell ringing event for the privatization of the energy company.
Among the protesters are leaders of movements of homeless workers, hit by dams and oil tankers.
Last week, Eletrobras set the share price at R$ 42 in an offer that resulted in the privatization of the company, moving R$ 29.29 billion, according to a statement published on the CVM (Securities Commission) website.
Demand was strong with participation from investors that included pension funds, state investors, hedge funds and retail investors.
Singaporean state investor GIC, Canadian CPPIB and Brazilian manager 3G Radar are expected to become Eletrobras’ largest shareholders.
The privatization of Latin America’s largest electric company is seen as crucial for President Jair Bolsonaro (PL), who has so far delivered few sales of state assets, compared to what he promised before taking office.
A proportional apportionment was made among the workers who decided to invest the FGTS in the company. Each will have allocated 66.79% of their respective order.
A worker who has set aside R$10,000 to buy Eletrobras shares will be able to effectively invest R$6,679 in the company.
This Monday (13), negotiations began on Eletrobras shares after privatization. The paper closed down 2.2%, at R$ 41.
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