2 Min Read
BRASILIA/SAO PAULO, Jan 28 (Reuters) - Brazil’s government still plans to privatize state-run electricity company Eletrobras, two sources said on Thursday, despite the high-profile departure of its chief executive who said he did not see the political will required to sell the asset.
Wilson Ferreira Jr. resigned on Monday as CEO of Centrais Eletricas Brasileiras, as Eletrobras is formally known, to take the helm of recently-privatized fuel distributor Petrobras Distribuidora SA.
His departure battered Eletrobras’ share price and raised questions about President Jair Bolsonaro’s goal to sell off billions of dollars of state assets.
However, despite Ferreira Jr’s exit, two sources told Reuters that the government remains committed to the Eletrobras sale.
BlackRock Latin American Investment Trust Plc - Portfolio Update
PR Newswire
London, January 27
The information contained in this release was correct as at 31 December 2020. Information on the Company s up to date net asset values can be found on the London Stock Exchange Website at
https://www.londonstockexchange.com/exchange/news/market-news/market-news-home.html.
BLACKROCK LATIN AMERICAN INVESTMENT TRUST PLC (LEI - UK9OG5Q0CYUDFGRX4151)
All information is at
Performance at month end with net income reinvested
One
^cum income
^^The Company s performance benchmark (the MSCI EM Latin America Index) may be calculated on either a Gross or a Net return basis. Net return (NR) indices calculate the reinvestment of dividends net of withholding taxes using the tax rates applicable to non-resident institutional investors, and hence give a lower total return than indices where calculations are on a Gross basis (which assumes that no withholding tax is suffered). As the Company is
BR Distribuidora reshuffle seen as positive for investors Petrobras refining head steps down before first refinery sale (Recasts story, adds context throughout)
RIO DE JANEIRO, Jan 25 (Reuters) - Two of Brazil’s top executives overseeing privatization efforts at state-run oil and electricity companies Petrobras and Eletrobras stepped down on Monday, raising questions about the future of President Jair Bolsonaro’s asset sale program.
Wilson Ferreira Jr., the chief executive of state-run power firm Centrais Eletricas Brasileiras, or Eletrobras, resigned, saying he had lost faith that there was the necessary political support for the privatization drive.
Ferreira, who led Eletrobras for nearly four-and-a-half years, will take the helm of recently-privatized fuel distributor, Petrobras Distribuidora SA, which operates Latin America’s largest gas station chain known as BR Distribuidora, the two companies said.
News Category Global Banking & Finance Reviews
New Fortress Energy to Acquire Power Purchase Agreements and Build LNG-to-Power Project at the Suape Port in Brazil
New Fortress Energy to Acquire Power Purchase Agreements and Build LNG-to-Power Project at the Suape Port in Brazil New Fortress Energy Inc. (Nasdaq: NFE) (NFE) today announced that it has signed a Memorandum of Understanding (MOU) with Petrobras Distribuidora S.A. (BR) and CCETC Brasil Holding Ltda. (CCETC) to acquire 288MW of 15-year power purchase agreements (PPAs) and intends to develop an LNG terminal and gas-fired power plant at the Suape Port in Brazil. The Suape Port provides an ideal location for NFE to bring clean and affordable energy to a rapidly growing region of Brazil, said Wes Edens, Chairman and CEO of New Fortress Energy. Our LNG terminal and gas-fired power plant will advance the clean energy transition in the state of Pernambuco and the wider Northeast region of Brazil. Coupled with our acquisitio