370 Thousand Workers Used FGTS Money To Buy Eletrobras Shares. Privatization Moved About R$ 33.7 Billion Becoming The Main In The National Stock Exchange, Since The Capitalization Of Petrobras, In 2012!
After four months since the privatization of Eletrobras that moved R$ 33.7 billion and represents one of the largest stock offerings worldwide in 2022, the company’s shares listed on Ibovespa, Brazil’s main stock index, jumped more than 8.4%.
The operation of Eletrobras – the largest electric utility in Latin America, moved about R$ 33.7 billion and set the price of each share at R$ 42, becoming the main in the national stock exchange, since the capitalization of Petrobras, in 2012, which moved R$ 100 billion!
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The shares of Eletrobras skyrocketed in August and reached R$ 50. Despite falling in October, the shares hovered around R$ 45.50. This value represents 8.4% above the initial price charged at the closure of the energy company’s sale.
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The gain over the four-month period already exceeds double the annual return of 3% from the accounts of those who bought Eletrobras shares using FGTS (Guarantee Fund for Length of Service) resources.
Despite the gain, it’s worth remembering that the value may fluctuate and decline in the coming months. It’s important to note that the minimum period for maintaining the investment of FGTS money is one year, with no possibility of returning to the Fund’s accounts until June 2023.
370 thousand workers used FGTS money to buy Eletrobras shares. The ceiling set for the use of resources, R$ 6 billion, was exceeded by 50%, due to the high number of interested parties, which meant that only 66.8% of the amount indicated for investment was effectively directed to the purchase of shares.
WEG Signs Billion-Dollar Contract With Eletrobras To Manufacture 72 Turbines Of 4.2 Megawatts
Billion-dollar partnership between WEG, one of the largest manufacturers of turbines and electric motors in the world, and Eletrosul, a subsidiary of Eletrobras. The companies closed a deal for the supply of wind turbines and services in a contract that exceeds R$ 2 billion!
The contract between the companies provides for the supply of 72 wind turbines of 4.2 megawatts (MW), including logistics, assembly, and commissioning, as well as operation and maintenance services throughout the project’s lifespan.
According to a relevant fact published by Eletrobras, the deal was made after approval from the Board of Directors of the Southern Brazil Electric Energy Generation and Transmission Company (CGT Eletrosul), controlled by Eletrobras.

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