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Electrobras (EBR) +22.2% premarket after Brazil's government offers an additional 9.87B reais...

  • Friday, November 30, 2012, 8:11 AM ET
    Electrobras (EBR) +22.2% premarket after Brazil's government offers an additional 9.87B reais ($4.7B) to utilities that accept Pres. Rousseff’s plan to renew electricity license with lower rates, on top of 20.04B reais announced Nov. 1. EBR preferred shares lead the Bovespa index, up 28%. ELP +4.1%, CIG +2.6%, CPL +1.2% premarket.
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