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Brazil’s Eletrobras privatization: shareholders approve sale

RIO DE JANEIRO, BRAZIL - Eletrobras shareholders on Tuesday, February 22, approved the beginning of the company's privatization process at an Extraordinary General Meeting (EGM).

However, the green light from shareholders came a day after Minister of Economy Paulo Guedes, admitted it would be difficult to carry out the operation in the first half of this year, as predicted by the government.

In a meeting marked by a large number of abstentions and held virtually due to . . .

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