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Plans to denationalise huge vitality firm Eletrobras suffered one other setback on Wednesday, as Brazil’s Federal Accounts Court docket suspended a trial to resolve whether or not or to not approve the federal government’s proposal to dilute its stake within the agency and hand it over to non-public management.
Very important do Rêgo, one of many court docket’s members, selected to take the case beneath advisement, asking for extra time to investigate the deal’s phrases. His friends agreed to adjourn the trial, pushing it again by 20 days.
Mr. Rêgo had beforehand voiced considerations that Eletrobras’s belongings have been being undervalued, significantly with regard to its hydroelectric vegetation….
Entry all of The Brazilian Report
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