PPI approves Eletrobras privatization plans

PPI approves Eletrobras privatization plans

Corporate & Sovereign Strategy Equity Brazil Capital Markets Energy

The Brazilian government's Investment Partnership Program, or PPI, said it has approved the privatization model for Eletrobras and means to sell off the state-owned power company in the first quarter next year. "The approval of this resolution is a crucial step towards the privatization of Eletrobras," Martha Seillier, head of the PPI, said in a press release on Tuesday. "We intend to stick to the proposed schedule," she added. The government is expected to lose control of Eletrobras after it di

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