This Thursday, Brazilian firms Eletrobras and Petrobras advanced their sustainable energy initiatives and international partnerships.Eletrobras (ELET3) plans to secure up to R$10.9 billion (about $2 billion) through various funding strategies.Eletrobras is securing R$4 billion from Citibank N.A.
and launching R$2 billion in commercial promissory notes.Additionally, theyre planning a third non-convertible debenture issue through Companhia Hidro Eltrica do So Francisco for R$4.9 billion.Furthermore, Eletrobras has partnered with Prumo Logstica to evaluate low-carbon projects at Porto do Au, particularly focusing on renewable hydrogen.Eletrobras and Petrobras Drive Major Corporate Developments in Brazil Today.
(Photo Internet reproduction)Petrobras (PETR4) has partnered with Chinas Sinosure to probe into low-carbon investments and green finance.This partnership aims to enhance Petrobras supplier network and ease trade and financial transactions between the Brazilian state-owned enterprise and Chinese firms.Additional corporate updates include:Engie (EGIE3) has greenlighted a debenture issuance worth R$2 billion.Vale (VALE3) is in ongoing talks with the Ministry of Transport about the Carajs and Vitria a Minas railroad concessions, aiming to fine-tune investment strategies.Cosan (CSAN3) announced Blackrock now holds 5.531% of its shares, including ADRs and derivatives representing 0.106% of shares.Aegea, a sanitation firm, plans to issue R$750 million in debentures with a five-year maturity, expecting to settle this issuance later in the month.These steps underscore a trend among Brazilian firms to use international partnerships and financial tools for growth and sustainability.