The New York Stock Exchange today welcomed the listing of Centrais Elétricas Brasileiras S.A. (Eletrobrás), a leader in the Latin American energy sector. Brazil-based Eletrobrás listed its American Depositary Shares on the NYSE under the ticker symbols "EBR" and "EBR.B".
To celebrate the occasion, Mr. Luiz Augusto Figueira, Superintendent and Coordinator of Internal Affairs of Eletrobrás rang The Opening BellSM at the New York Stock Exchange joined by Duncan L. Niederauer, NYSE Euronext CEO, and Noreen M. Culhane, Executive Vice President, Global Corporate Client Group, NYSE Euronext. Accompanying them on the bell podium: João Vicente Amato Torres, Head Accountant, Eletrobrás; Mary-Annie Cairns Guerrero, Head of Capital Management Department, Eletrobrás; Arlindo Soares Castanheira, IR Officer, Eletrobrás; Rodrigo Vilella Ruiz, Head of Financial Statements Division, Eletrobrás.
"We are pleased to welcome Eletrobrás, Latin America's largest holding company in the electricity sector, to list on the NYSE," said Catherine R. Kinney, NYSE Euronext Group Executive Vice President and Head of Global Listings. "NYSE Euronext looks forward to providing Eletrobrás and its shareholders with the superior trading platform, services and global brand visibility associated with listing on NYSE Euronext markets."
"This is a historic event for Eletrobrás," said José Antonio Muniz, Chief Executive Officer of Eletrobrás. "The journey we begin today is part of a series of measures, completed successfully by Eletrobrás, to bring the Company to an unprecented level. The listing of our shares on the New York Stock Exchange is a huge victory and a tremendous step, not only for our business in Brazil, but also for our business abroad."
He added, "This transaction resulted from a long process, but was completed on time. We are improving our corporate governance by restructuring our subsidiaries, creating an international area and adapting the corporate statutes at each of our energy generation and transmission companies to strengthen our ties to them. Eletrobrás is, after all, a sum of these parts. It is a gear; and its synergies, credibility and transparency bring us here today to increase the value of Eletrobrás and its share of the global electrical energy market." -- www.nyse.com
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