Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Brazil’s Funcef Fund Plans to Boost Belo Monte Dam Stake to 10%

Brazilian pension fund Funcef plans to increase its stake in the Belo Monte hydroelectric dam to 10 percent from 6.25 percent, its president said.

“We decided to increase our participation,” Funcef President Carlos Caser told reporters in Brasilia today. The fund plans to acquire shares owned by construction company Barueri, Brazil-based Engevix Engenharia SA, Caser said.

The move would double the fund’s total investment in the Belo Monte dam to about 600 million reais ($294 million), investment chief Mauricio Marcellini said today at the same event. The purchase requires final approval by Funcef’s governing council.

Funcef is the pension fund for workers at Brazil’s state-controlled bank Caixa Economica Federal.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.