Rio Power Utility Light Nears Judicial Recovery Exit After $296 Million Capital Raise

Rio Power Utility Light completed a R$1.5 billion (US$296 million) share subscription on 8 July 2026, fulfilling the final requirement of its court-approved restructuring plan. Key supporters BTG Pactual, Ronaldo Cezar Coelho, and Carlos Alberto Sicupira led the capital raise, while non-participating investors experienced share dilution.