May 20, 2022 |
The Brazilian government could privatize Eletrobras by August this year after federal audit court TCU approved a capital increase that will allow private investors to take a majority stake in the state-owned power company.
The share sale, which is expected to reduce the government's stake to 45% from 72%, could happen as early as next month, depending on market conditions.
"There are several factors, such as summer holidays in the Northern Hemisphere and election campaigns here in Brazil. We und
Brazil's federal audit court approves a share sale that is expected to lower the government's stake in the power company to 45%