June 2, 2016 / 9:52 PM / 2 years ago

Brazil's Eletrobras requests U.S. SEC review for NYSE delisting

SAO PAULO, June 2 (Reuters) - Centrais Elétricas Brasileiras SA on Thursday presented a request for review before the U.S. Securities and Exchange Commission over a potential delisting of the Brazilian company’s shares in New York for failing to file relevant financial information.

In a securities filing, the state-controlled utility known as Eletrobras said the New York Stock Exchange will set a date for presentation of the request. The SEC began procedures to delist Eletrobras’ American depositary receipts after the company failed to file the so-called 20-F formulary before the deadline. (Reporting by Guillermo Parra-Bernal; Editing by Dan Grebler)

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