Brazil Business - Brazil

Brazil’s Eletrobras privatization hinges on shareholders’ approval and TCU’s decision

By RT Staff Reporters · January 28, 2022 · 1 min read

RIO DE JANEIRO, BRAZIL – The government aims to complete the process in the second quarter of 2022.

However, there are two pending steps: the approval of the shareholders’ meeting, scheduled for February, and the Federal Audit Court (TCU) decision, begun last year and expected to take place by March this year.

Congress last June passed a bill allowing the privatization of Eletrobras.

The TCU Justices raised several concerns regarding the process.

For instance, they question the real impact of the privatization on electricity tariffs.

More: Brazil news in English, every day from The Rio Times.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Brazil runoff, Sunday, October 25: Brazil runoff date. Latest: Brazil runoff polls, Flávio 51%, Lula 49%.

The Rio Times · Power Map

See who really holds power in Latin America

Click to open the Power Map →

Brazil Brazil's Eletrobras privatization shareholders' approval

Brazil’s Eletrobras privatization hinges on shareholders’ approval and TCU’s decision

Rotate for Best Experience

You've reached your free article limit