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Brazilian Electric Power Company shares fall 1.16% intraday after Iberdrola acquires electricity business in Saudi Arabia.
ByAinvest
Friday, May 16, 2025 10:36 am ET1min read
Brazilian Electric Power Company's stock price decreased by 1.16% during intraday trading. The company's recent news event includes Iberdrola signing an agreement to acquire the electricity business in Jeddah, Saudi Arabia. This acquisition could potentially impact the Brazilian Electric Power Company's market position and financial performance, leading to a bearish sentiment among investors.
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