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Brazil: Eletrobras devalues after noise over privatization

Eletrobras shares fell more than 3% after the Attorney General of the Union (AGU) filed a lawsuit with the Supreme Court (STF) requesting a partial declaration of unconstitutionality of the company's privatization law.

President Luiz Inácio Lula da Silva is one of the signatories of the document sent to the Supreme Court.

The lawsuit aims to review a section of the law that reduces the government's voting power in the management of . . .

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