Wednesday, June 12, 2019

CPFL's offer of action should leave below the floor, the R $27

The subsequent offer of CPFL is expected to exit R $27 per share, below the floor of the indicative price range, established between R $29.30 and R $35.30. The value signals that the demand exceeds the supply and thus guarantees the emission. In addition to bringing the electric to a reopening in the stock Exchange – since the company's role has very low liquidity from the acquisition of the company by the Chinese State Grid – The operation will inject resources into the box for the purchase of minority shares from CPFL Energia Renováveis. At this price, the Chinese company will sell its shares of CPFL to a lower value than that acquired two years ago, which, if adjusted by the interest of the period, would reach R $29. Despite the difference, the shareholders of the State Grid have already agreed to sell to this value. The price of the paper will be fixed on Wednesday. Wanted, CPFL did not comment. (With Anne Warth)
O Estado de S.Paulo - 12/06/2019 News Item translated automatically
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