Shareholders approve Brazil’s Eletrobras privatization -report
Shareholders of Brazilian state-run power company Eletrobras (ELET6.SA) approved on Tuesday the terms for the privatization of the company, according to a Valor Economico report citing sources.
According to the report, the company’s shareholders approved 12 items at a general meeting, including its privatization.
Brazil’s government expects the privatization to happen through a share offering by mid-2022. Shares would be sold on Brazil’s Bovespa stock market and in the United States as American Depositary Receipts.
Reporting by Peter Frontini; editing by Richard Pullin via Reuters