Banco Graphus to evaluate Furnas and Eletrosul for privatisation

Jul 29, 1997 02:00 AM

July 9, 1997 In Brazil, the consortium led by Banco Graphus won the maximum rate in the tender of evaluate the assets and model the privatisation of the electric majors Furnas and Eletrosul. Graphus asked R$ 1,96 mm for the service, but a formal decision on the winner will be made by the development bank BNDES. Furnas and Eletrosul have a total power capacity of 11.3 GW, and their overall shares are valued R$ 10 bn in the stock market. Plans are to privatise these companies in the first half of 1998.

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