Monday, June 03, 2019

AES Tietê and Light retake plans to follow on until July

Two more companies in the energy sector program subsequent offers of shares (follow-ons) until July: AES Tietê and Light. Itaú BBA, BTG Pactual, Bradesco BBI and Goldman Sachs coordinate an offer for AES Tietê. The offer of Light, which Cemig prepares for the sale of its participation, already has a union of banks formed by Itaú BBA, Santander, Banco do Brasil, Bradesco BBI, Citi and XP Investimentos. The idea is that these offerings will be released shortly after the initial offer of shares (IPO) of Neoenergia and the follow on of CPFL, scheduled for June. This list of companies in the energy sector with eye on market capture can still grow with Equatorial and Alupar. Competition. The market's appetite for so many offerings from the same sector will be tested, especially in view of the influence of the macroeconomic and political scenario. The operations seen with more optimism are those geared to support growth movements, although in some cases it is combined with exit or reduction of the participation of some shareholder, as is the case of Neoenergia, CPFL, AES Tietê and Equatorial. Light, which is mainly geared to collaborate in improving the financial situation, is seen more cautiously. Sought, AES Tietê reported that "it has alternatives to finance its projects and growth operations, and no decision was made that would need to be informed to the market". Light announced on Friday night that it considers an offer of shares. With Luciana Collet
O Estado de S.Paulo - 02/06/2019 News Item translated automatically
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