Shareholders approve Brazil’s Eletrobras privatization – report

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According to the report, the company’s shareholders approved 12 items at a general meeting, including its privatization.

Brazil’s government expects the privatization to happen through a share offering by mid-2022. Shares would be sold on Brazil’s Bovespa stock market and in the United States as American Depositary Receipts.

Eletrobras denied to comment, as the meeting had not yet been finalized.