The article by the newspaper Valor Econômico highlighted that the privatization of Eletrobras was reflected in the appreciation of its shares, with experts estimating potential gains of up to 60% for securities. Further according to the article, this scenario could benefit the Government, which is now positioned as a reference investor and no longer the controlling shareholder, holding 30.4% of the company's share capital. Adding up the shareholdings of BNDES and BNDESPar, this percentage reaches 34%.

Contributing to the article, our partner Julian Chediak said that if the Government's percentage does not change, having it as a reference shareholder is not an issue. "Whether the Government wants to eventually abuse it, is another story." The Government has to account for as a shareholder, and the system is mature enough for this to be possible. The CVM deals with the Government with the same responsibility as other shareholders," Julian added.

Read the full article at the link: https://valor.globo.com/empresas/noticia/2022/07/18/investidor-ve-potencial-na-eletrobras.ghtml