The Brazilian government published this Thursday (30) a new resolution that incorporates adjustments to the privatization model of Eletrobras and establishes the creation of a band for issuing new company shares, which may reach R$ 26.6 billion.
In addition, the new text brings the value for the segregation of Itaipu Binacional and updates the value applicable to Eletronuclear, according to a note from the Ministry of Mines and Energy.
A range of issuance values ​​for new shares in the primary offering was established, from BRL 22 billion to BRL 26.6 billion, based on the numbers approved by the National Energy Policy Council (CNPE) following recommendations by the TCU (Tribunal de Federal Accounts).
Before, the primary offering provided for an issue representing a financial volume of R$23.2 billion.
The resolution also established, for the segregation of Itaipu Binacional, the approval of an amount equivalent to R$ 1.2 billion, and the payment mechanics that will be made by the new state-owned ENBPar, which can be made in up to 20 years.
The values ​​applicable to Eletronuclear were also updated – a technical modification that takes into account the new project schedule.
Both Itaipu and Eletronuclear will stay out of the privatized Eletrobras.
Aspects of the governance of Eletronuclear and Eletrobras were also refined, with a view to privatization, according to the ministry.
The next steps of the project will be the holding of a public hearing on January 5, 2022, the final deliberation of the TCU Plenary regarding the new concession contracts and the convening of an Extraordinary General Meeting of Eletrobras so that shareholders can appreciate the proposed model. for the privatization of the company.
The government is working with a forecast of carrying out the share offering that will dilute the state’s capital in the company in the market window from April to May, according to the statement from the ministry.
Earlier, Eletrobras had published that it had received an official letter from the government informing that the Minister of Mines and Energy, Bento Albuquerque, and the Minister of Economy, Paulo Guedes, approved resolution No. 221/2021 which deals with the modeling of privatization of the company.
The approved text amends resolution 203/2021, as per the relevant fact.
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