Brazil’s Axia Drops as Reorganization Fuels Adjustment

The Jacarepagua power substation in the West Zone of Rio de Janeiro, Brazil. — The Jacarepagua power substation in the West Zone of Rio de Janeiro, Brazil.
Photographer: Tuane Fernandes/Bloomberg

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By Giovanna Bellotti Azevedo and Rachel Gamarski

December 22, 2025 at 3:26 PM UTC

Updated on

December 22, 2025 at 9:28 PM UTC

Leia em português

Shares in Brazilian power company Axia Energia plunged after a share reorganization tied to a bonus equity issuance announced Friday caused a sharp adjustment in prices.