New investment of billions of reais in electricity on the stock market – Money Times

Energy
Also according to Energisa, the deal will help strengthen the company’s financial potential and strengthen its capital structure (Image: Linkedin/Energisa)

O Bearded (BBDC4) signed a memorandum to invest R$ 2 billion in distributors Energy (ENGINEERING 11) em Sergipe by you Paraibashows the relevant fact sent to the market this Thursday (26).

According to the document, the operation involves the bank’s investment in new preferred shares of Energisa Participações Nordeste, Energisa’s holding company, which will hold the company’s distributors in two states, Energisa Paraíba (EPB) and Energisa Sergipe (ESE).

Also, according to Energisa, the transaction will contribute to strengthening the company’s financial potential and strengthening its capital structure.

The transaction is subject to certain conditions precedent, including approval from the Economic Defense Administration (Cade) and the National Agency of Electricity (Angel).

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Will Bradeska stand out?

According to analysts, Brazilian banks should feel relieved in the results of the third quarter (3Q23). Despite this, the market will be a already seen in relation to ‘banks’, p Itau (ITUB4) d Bank of Brazil (BBAS3) with the main points of positive and Santander (SANB11) d Bearded at the other end.

Bernardo Gutman is in the team Invest XP to assess the regulatory and political uncertainties that arose during the quarter may have affected price action in the sector. However, they stress that the banks’ fundamentals remain strong.

In addition, analysts emphasize that loan portfolios should grow healthy and default rates should increase slowly, indicating a possible peak.

Pedro Leduc and team at Itau BBA further stated that after a weak first half of the year for the corporate and individual portfolios, credit quality will begin to improve across the board, despite continued corporate deterioration.

With Giovanna Leal and Reuters

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