BRIEF-Brazil Eletrobras shares fall 6 percent after ADRs suspended

miércoles 18 de mayo de 2016 09:33 GYT
 

May 18 (Reuters) - Centrais Eletricas Brasileiras SA

* Preferred and common shares fell by 6 percent in early trade Wednesday

* Brazil's federal electricity utility company Eletrobras failed to submit an F-20 form to the Securities and Exchange Commission concerning potential losses from corruption in its mega projects such as the Belo Monte hydroelectric plant and the Angra 3 thermonuclear plant

* The projects are being investigated by Brazilian prosecutors after executives in the projects were ensnared in Brazil's biggest ever corruption scandal

* The company's ADRs were suspended on the New York Stock Exchange and could be delisted for failing to present its earnings in a timely manner Source text for Eikon: Further company coverage: (Reporting by Reese Ewing)