Axia Falls Most Since 2020 as Reorganization Fuels Adjustment
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.
By Giovanna Bellotti Azevedo, Rachel Gamarski · Bloomberg Markets
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.