Monday, March 5, 2012

Ativa deems Eletrobras's interest in stake acquisition beneficial for EDP no Brasil.

(ADPnews) - May 20, 2011 - The interest of Brazil's state-owned power holding company Eletrobras (SAO:ELET6) in entering the share capital of local utility EDP no Brasil (SAO:ENBR3) benefits the latter, Ativa brokerage said.

Eletrobras's aspirations may take pressure off the shares in EDP no Brasil's in the short-term, Ativa believes.

The stock has been suffering with the possibility of Portuguese power company EDP (ELI:EDP) selling up to 14% of the shares in its possession, via …

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