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  • BRAZILIAN POWER UTILITY ELETROBRAS IS NEAR PRIVATIZATION

BRAZILIAN POWER UTILITY ELETROBRAS IS NEAR PRIVATIZATION

by Emre Aslan / Wednesday, 20 April 2022 / Published in Law
RAZILIAN POWER UTILITY ELETROBRAS IS NEAR PRIVATIZATION

Brazilian state-run power company Eletrobras’ privatization is almost a done deal. President Jair Bolsonaro’s administration is seeking to privatize Eletrobras through a capital increase in which the state’s stake would end up diluted, effectively giving up control of the Rio de Janeiro-based firm while retaining some veto rights. Lawmakers. Shareholders of Eletrobras (ELET6.SA) approved on February the terms for the privatization of the company, according to a Valor Economico report citing sources. For further information, you may visit:

https://news.bloomberglaw.com/energy/brazil-power-giants-14-billion-sale-nears-make-or-break-point?context=search&index=10

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