Shares of Eletrobras, the largest electricity company in Latin America, skyrocket on the stock exchange and earn twice as much as the FGTS after privatization

370 workers used FGTS money to buy Eletrobras shares. Privatization moved about R$ 33,7 billion, becoming the main one on the national stock exchange, since the capitalization of Petrobras, in 2012!

Four months after the privatization of Eletrobras, which moved BRL 33,7 billion and represents one of the largest share offerings worldwide in 2022, The company's shares listed on the Ibovespa, Brazil's main stock index, jumped more than 8,4%.

The operation of Eletrobras – the largest electricity company in Latin America, moved around R$ 33,7 billion and fixed the price of each share at R$ 42, becoming the main one on the national stock exchange, since the capitalization of Petrobras, in 2012, which moved R$ 100 billion!

Eletrobras shares skyrocketed in August and reached R$50.

Eletrobras shares soared in August and reached R$50. Despite falling in October, the shares reached R$45,50. Value represents 8,4% above the initial price charged in the sale of the energy company.

The gain in the four-month period already exceeds twice the annual return of 3% of the fund accounts of those who bought Eletrobras shares with FGTS resources (Fundo de Garantia do Tempo de Serviço).

Despite the gain, it is worth remembering that the value can fluctuate and fall in the coming months. It is worth remembering that the minimum period for maintaining the application of FGTS money is one year, without the possibility of returning it to the Fund's accounts until June 2023.

370 workers used FGTS money to buy Eletrobras shares. The ceiling defined for the use of resources, of BRL 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 the application was effectively allocated to the purchase of the papers.

WEG closes multibillion-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 deal 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, in addition to operation and maintenance services throughout the life of the project.

According to a material fact published by Eletrobras, the deal was carried out after approval by the Board of Directors of Companhia de Geração e Transmissão de Energia Elétrica do Sul do Brasil (CGT Eletrosul), controlled by Eletrobras.