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RIO DE JANEIRO, June 11 — Brazil’s government on Thursday night moved forward with its bid to privatize Eletrobras, Latin America’s largest utility, as the share offering...
Bolsonaro, a self-proclaimed free-market advocate, is set to face former President Luiz Inacio Lula da Silva - an avowed opponent of privatizations - in the first round of the presidential election on Oct. 2. A source said the demand for the deal, Brazil's largest share offering in 12 years, was above $14 billion, with investors including pension funds, state investors, long-only portfolios, hedge funds and retail investors.