Monthly Archives: August 2017
Brazil Floats Eletrobras Privatization Plan
Yesterday the Brazilian government floated a proposal to privatize Centrais Elétricas Brasileiras SA (aka Eletrobras), the country’s largest power utility, as it struggles to close a record budget deficit, sending Eletrobras’ shares soaring in after-market trading. The Mining and Energy Ministry communicated the plan to Eletrobras and said publicly that it would bring the proposal […]