Don’t miss the latest developments in business and finance.

Brazil approves privatisation model for Eletrobras distribution units

Image
Reuters BRASILIA
Last Updated : Nov 09 2017 | 5:42 AM IST

BRASILIA (Reuters) - Brazil's government has approved the privatisation model for the power distribution units of state-run company Eletrobras , Adalberto Vasconcelos, who heads the body overseeing Brazil's privatisation programme, said on Wednesday.

Vasconcelos said the auction to sell the six distribution companies should take place in March. The government has also passed the privatisation model for the sale of state lottery Lotex and the rail project Ferrograo, he said.

(Reporting by Leonardo Goy; Writing by Marcelo Teixeira; Editing by Paul Simao)

Also Read

First Published: Nov 09 2017 | 5:25 AM IST

Next Story