Itaú and Indusval banks bet on electricity sector

Last Monday (13), Itaú Unibanco and Banco Indusval announced its entry into the electricity market. The new bet comes from the expectation of expansion of the free energy market in the coming years – which aims to enable direct trade in energy between consumers and consumers producing companies.

Indusval had an authorized purchase by the Economic Defense Administration (CADE), while Itaú is conducting the strategy in the energy sector through specialist Oderval Duarte. Finally, if the National Electric Energy Agency (ANEEL) authorizes, the bank's expectation is have its own energy trader as early as 2020.

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