Centrais Elc Braz Pfb B Elbras (EBR.B) has released an update.
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Centrais Elétricas Brasileiras S.A. – Eletrobras has announced the completion of a share purchase and sale agreement leading to the Phoenix Fundo de Investimentos becoming the new controlling shareholder of EMAE, in which Eletrobras has a 39% stake. Eletrobras is now in talks to potentially sell its stake in the affiliate, promising to keep the market updated on the developments.
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