Eletrobras approves Eletronuclear capital increase of $377 mm

Eletrobras’ shareholders’ meeting approved a capital increase of R$1.88 bn ($377 mm) for its subsidiary Eletronuclear. According to the company, the operation will take place through the conversion of advance credits for a future capital of R$850 mm ($151 mm) and the conversion of financing credits in the amount of R$1.035 bn ($178 mm), both belonging to Eletrobras.

Source: Money Times