Brazil still plans to privatize state utility Eletrobras, sources say
2 Min Read BRASILIA/SAO PAULO, Jan 28 (Reuters) - Brazil’s government still plans to privatize state-run electricity company Eletrobras, two sources said on Thursday, despite the high-profile departure of its chief executive who said he did not see the political will required to sell the asset. Wilson Ferreira Jr. resigned on Monday as CEO of Centrais Eletricas Brasileiras, as Eletrobras is formally known, to take the helm of recently-privatized fuel distributor Petrobras Distribuidora SA. His departure battered Eletrobras’ share price and raised questions about President Jair Bolsonaro...
Source: reuters.com