Brazil - 09

Brazil: Pledge to Privatize Eletrobras Underscores Meirelles’ Presidential Ambitions

The announced privatization of Eletrobras surprised markets, causing the company’s shares to soar 50%. Brazil’s government has stated that it will no longer control the company in 2018, although the method of privatization and how much of the government’s 51% voting stake will be sold remain unclear. The company operates throughout the supply chain, with 233 power generation facilities (most of them hydroelectric dams) and six distribution units.

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