Centrais Eletricas Brasileiras S/A ADR (EBR) News
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Latest EBR News From Around the Web
Below are the latest news stories about BRAZILIAN ELECTRIC POWER CO that investors may wish to consider to help them evaluate EBR as an investment opportunity.
Brazil's electricity company Eletrobras offered on Friday a voluntary buyout to well over 2,000 people representing roughly 22% of its workforce, in a first major cost cutting move following its privatization. Centrais Eletricas Brasileiras SA, as the company is formally known, said the voluntary layoff program will apply to 2,312 employees and will cost up to 1 billion reais ($189 million). In a securities filing, Eletrobras said the program is a measure to streamline its costs and expenses and it expects to recoup the money it spends in around 11 months.
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Petrobras (PBR) +10.9% and Eletrobras (EBR) +9.1% to lead NYSE-listed Brazilian stocks in a broad rally Monday after investors welcomed the closer than expected results of the first…
SAO PAULO — Brazilian power company Eletrobras does not expect its capital allocation and dividend policy to change in the short term, Chief Executive Wilson Ferreira Jr said on Thursday, though further details are yet to be discussed with board members of the recently privatized firm. Ferreira also said Centrais Eletricas Brasileiras SA, as the […]
EBR vs. DTE: Which Stock Is the Better Value Option?
EBR vs. AVA: Which Stock Is the Better Value Option?
Eletrobras (EBR) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
The Brazilian government recently privatized Eletrobras as part of its biggest privatization initiative, raising R$69.81 billion.
(Reuters) – Brazilian power company Eletrobras on Friday reported its second-quarter net income fell 45%, hit by the provision for losses in investments.
SAO PAULO (Reuters) -The new board of directors of Brazilian power company Eletrobras on Friday chose former CEO Wilson Ferreira Junior to return to the job and elected former Petrobras CEO Ivan Monteiro as chairman of the board of directors, the company said in a statement. Shareholders also appointed a new board of directors for the newly privatized utility on Friday. Ferreira will take office by Sept. 20, returning to the position after serving as Eletrobras' CEO from 2016 to 2021.