Key Facts

—The trend. Brazil’s electricity sector is expected to lead stock offerings in the second half of 2026.

—The trigger. Engie Brasil filed to register a follow-on share sale of up to ten and a half billion reais, near $2bn.

—The purpose. Engie will use the proceeds to buy a 40 percent stake in the Jirau hydroelectric plant from its parent.

—The appeal. Brazilian utilities trade at a discount to global peers, making share issues attractive to buyers.