Brief: Brazil's president opens way for Eletrobras' privatization

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Tuesday, January 2, 2018

Brazil's President Michel Temer signed a provisional measure overturning the ban on privatizing state-run electric holding company Eletrobras and its subsidiaries Furnas, Chesf, Eletronorte, Eletrosul and CGTEE.

The move opens the way for the privatization process of Eletrobras, currently under analysis by the federal government.

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Responsible for a third of power generation in Brazil, Eletrobras has a book value of 46.2bn reais (US$14.3bn) and assets totaling 171bn reais.