March 11, 2021 |
Brazil's mining and energy ministry MME has approved the conditions for the sale of the Amapá's state energy company Companhia de Eletricidade do Amapá (CEA) under an ongoing privatization program.
The Amapá state government will have the option to auction up to 99% of its stake in the heavily indebted state-controlled energy company for BRL49,932 ($8,802), according to a notice published by the MME in the government's official gazette on Wednesday.
CEA has BRL1.12 billion in assets and BRL2.3 b
Energy ministry approves conditions for the government to sell its stake in heavily indebted CEA