Brazil's Eletrobras wins court decision in privatization process

Brazil's Eletrobras wins court decision in privatization process

Chamber Articles Category: Energy Post Date: 07/19/18 Source: Reuters By: Reuters
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SAO PAULO (Reuters) - A Brazilian federal judge overturned a court order holding up the sale of units of state utility Centrais Eletricas Brasileiras SA (ELET6.SA), and the government committed to assuming certain losses at the company, as the divestiture process continues to advance.

Andre Fontes, the head judge of a regional federal court, on Tuesday overturned a decision by a Rio de Janeiro judge earlier in July that effectively delayed the sale of six distribution units at the company, the court said in a statement on Tuesday night. Read Full Article