Brazil ESX Energia Solar becomes public company

Mar 11, 2013 - Brazilian stock exchange watchdog CVM has authorised local pre-operational solar power sector player ESX Energia Solar to become a public company, ESX announced on its website on Friday.

The company wants to issue and sell shares to fund geological research and solar segment prospecting.

ESX is property of Brazilian entrepreneur Alexandre Souza de Azambuja, who owns the Templars Trust, which, in turn, controls various pre-operational companies from different segments of operation.

In September last year, wind sector start-up EOX Energia Eolica, also part of Templars Trust, as well had filed request to go public.

Azambuja plans to list his companies on Bovespa Mais, the trading platform for small and medium-sized companies of the Sao Paulo stock exchange, which allows listing without initial public offering (IPO). The idea is to use Bovespa Mais to attract investors and raise private funds for the start-ups' launch.

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