BTG, Itaú and Bradesco will lead the privatization of Copel

Copel has just announced the names of the banks that will order the share offering of the company owned by the government of Paraná. The offer will be structured by a syndicate of financial institutions formed by Banco BTG Pactual SA, Banco Itaú BBA SA, Banco Bradesco BBI SA, Banco Morgan Stanley SA and UBS Brasil Corretora de Câmbio, Títulos e Valores Mobiliários SA

The forecast is that the public offering of shares, which is actually the privatization of part of the shares of Copel belonging to the Government of Paraná, will take place in October of this year and will be the largest of its kind of the year. .

With the sale of the shares, the government of Paraná would cease to be the majority shareholder and Copel would become a company with dispersed capital and without a majority shareholder. In practice, the company is now controlled by the board of directors formed by the owners of the company’s shares with voting rights.

This month, Governor Ratinho Júnior (PSD) traveled to the United States to, among other things, present the company to potential buyers of the shares. The trip came after the Paraná government announced a billionaire deal with Itaú that released government shares that served as collateral for a loan Banestado made more than 20 years ago.

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Megan Schneider

"Typical zombieaholic. General twitter fanatic. Food fanatic. Gamer. Unapologetic analyst."

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