Light S.A.
TypeSociedade Anônima
B3: LIGT3
IndustryElectricity
Founded1904
Headquarters
Rio de Janeiro
,
Brazil
Key people
Octavio Lopes Pereira, (CEO)
ProductsElectrical power
ServicesElectricity distribution
Electricity transmission
RevenueIncrease US$ 4.3 billion (2021)[1]
Increase US$ 13.931  million (2021)[1]
Number of employees
3,735
Websitewww.light.com.br

Light S.A. (Portuguese pronunciation: [ˈlajtʃ]) is a private public utility company of Rio de Janeiro, Brazil. Founded in 1904 in Toronto, Ontario, Canada by The Rio de Janeiro Tramway, Light and Power Co. Ltd., it was authorized to operate in Brazil in 1905.

Research activities of generation, distribution and sale of electricity and each of these areas is represented by a different company. Currently the controlling stake in Light is owned by CEMIG, an electric company based in Belo Horizonte.

History

Electrical power infrastructure in Rio de Janeiro was originally developed in 1904 by the Rio de Janeiro Tramway, Light and Power Company, a company financed with foreign capital and legally domiciled in Toronto, Ontario, Canada. After 1912, this company was part of the holding company Brazilian Traction, Light and Power Company (usually known in Brazil simply as "Light"), which eventually changed its name to Brascan (for "Brasil" + "Canada"). In 1979, the company's Brazilian assets transferred to Brazilian ownership. The Canadian company, which had in the meantime diversified to other areas, still exists under the name Brookfield Asset Management.

On May 12, 2023, Light filed for bankruptcy.[2]

References

  1. 1 2 "Light registra lucro de mais de R$ 500 milhões em 2010". SRZD - Sidney Rezende.
  2. ↑ "Brazil's Light files for bankruptcy protection with 2.2 bln of debt". MarketScreener. May 12, 2023. Retrieved May 12, 2023.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.