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Judi Lynn

(160,631 posts)
Sat Jan 20, 2018, 12:56 AM Jan 2018

Brazil releases draft bill for Eletrobras privatization

19 DE ENERO DE 2018 / 15:42 / HACE 7 HORAS

Redacción de Reuters

1 MIN. DE LECTURA

BRASÍLIA/SAO PAULO, Jan 19 (Reuters) - Brazil’s government turned public on Friday the text of the draft bill proposing to privatize the country’s largest power conglomerate, Eletrobras, saying it will send the bill to Congress next week.

The draft bill says the privatization of Eletrobras, or Centrais Elétricas Brasileiras SA, will be made through a capital increase. The operation could include a secondary offer of government shares. The bill says the government will have a golden share in the company. (Reporting by Lisandra Paraguassu and Marcelo Teixeira Editing by Chizu Nomiyama)

https://lta.reuters.com/article/marketsNews/idLTAE6N1N200B?rpc=401&

(Short article, no more at link.)

Damned sad.

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