| Companhia Paranaense de Energia, (Copel) | |||
| Ticker: | ELP | ||
| Exchange: | New York Stock Exchange | BRAZL | |
| Industry: | Utilities (SIC Code 4911) | ||
| Type of Shares: | American Depositary Receipts | Filing Date: | 6/30/97 | |
| U.S. Shares: | 21,689,000 | Offer Date: | 7/29/97 | |
| Non-U.S. Shares: | 0 | Filing Price: | $19.04 | |
| Primary Shares: | 21,689,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.27 | |
| Offering Amount: | $412,958,580 | Selling: | $0.16 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Dresdner Securities (USA) Inc. | Lead Manager | (212) 429-4534 |
| Lehman Brothers Incorporated | Co-manager | (212) 526-8100 |
Dollar amounts in U.S. millions except for per share data | |||||
| 3 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/96 | 3/31/97 | ||||
| Revenue: | $1,450.00 | Assets: | |||
| Net Income: | $220.60 | $59.40 | Curr Assets: | ||
| EPS: | $0.92 | $0.25 | Liabilities: | ||
| Prior EPS: | Curr Liabilities: | ||||
| Cash Flow/Oper: | Equity: | ||||
| Cash Flow/Fin: | Cash: | ||||
| Cash Flow/Inv: | |||||
| Business Description |
| The company is the fourth largest electric utility in Brazil. The company's 18 generation plants supply about 5.8% of Brazil's installed electric capacity. The company serves most of the municipalities of Parana, serving over nine million people. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used to expand and upgrade Copel's transmission and distribution systems, to complete a hydroelectric facility and to reduce indebtedness. |