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Brazil's Eletrobras approves capital increase via private placement of up to 9.99 bln reais

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Rodrigo Viga Gaier Reuters
Marta Nogueira Reuters
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Credit: REUTERS/BRENDAN MCDERMID

Brazilian state-run utility firm Centrais Eletricas Brasileiras SA said on Thursday that shareholders approved at an extraordinary general meeting a capital increase of up to 9.99 billion reais ($2.39 bln) via private placement.

RIO DE JANEIRO, Nov 14 (Reuters) - Brazilian state-run utility firm Centrais Eletricas Brasileiras SA ELET6.SA said on Thursday that shareholders approved at an extraordinary general meeting a capital increase of up to 9.99 billion reais ($2.39 bln) via private placement.

New common shares will be issued at 35.72 reais and new class "B" preferred shares will be issued at 37.50 reais, all new book entry shares with no par value, the company said.

($1 = 4.19 reais)

(Reporting by Rodrigo Viga Gaier and Marta Nogueira; Writing by Jamie McGeever; Editing by Sandra Maler)

((jamie.mcgeever@thomsonreuters.com; +55 (0)11 97189 3169; Reuters Messaging: jamie.mcgeever.reuters.com@reuters.net))

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