Centrais Elc Braz Pfb B Elbras (EBR.B) has released an update.
Centrais Elétricas Brasileiras S.A. – Eletrobras has announced its application to the CVM for its subsidiaries, Eletrobras CGT Eletrosul and Eletrobras Eletronorte, to become category B publicly-held companies. This change will potentially allow for a wider distribution of securities and improved trading liquidity, apart from the current professional investor-targeted debenture offerings. The company highlights that these procedures are independent of each other and subject to regulatory approvals, emphasizing the forward-looking nature of the statements.
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