Government waives right over stake in Eletronuclear, operation between Axia and J&F can be concluded
The Brazilian government has opted not to exercise its preferential right to purchase shares of Eletronuclear from Axia, allowing a $535 million deal with J&F to proceed.
Government's lack of action brings Eletronuclear closer to collapse and may halt Angra 1 and 2, says CEO
The CEO of Eletronuclear, responsible for Brazil's nuclear power plants, warns that the company is nearing collapse due to federal inaction, risking operations at Angra 1 and 2.
'If there is no solution, we will be the Post Office tomorrow,' says Eletronuclear president about financial situation
The acting president of Eletronuclear, Alexandre Caporal, warns of potential financial collapse if a solution regarding Angra 3 nuclear plant is not reached, as the company only has cash reserves until mid-March.
Eletronuclear negotiates with Caixa to suspend debt of R$ 3.8 billion
Eletronuclear is negotiating with Caixa to suspend payments on a R$ 3.8 billion debt until the end of 2026 due to a lack of resources and financial uncertainties surrounding the Angra 3 project.