Brazilian government to vote on privatization of Eletrobras
Date
June 10, 2021
Type
M&A Transactions
Subtype
Transaction launched
Countries
Brazil
Subsectors
Power Transmission
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The Federal government of Brazil is planning to conduct a congress voting for the privatization of a state-run power company Eletrobras. The privatization will depend on establishing prior contracts for a natural gas-powered generation with the government.
The government is expecting to generate BRL25 billion (US$4.7 billion) in revenues from this transaction.
