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Brazil sees 10 billion reais revenue from Eletrobras privatisation - official
August 29, 2017 / 10:50 PM / 22 days ago

Brazil sees 10 billion reais revenue from Eletrobras privatisation - official

A view of the headquarters of Brazil's power company Eletrobras in downtown Rio de Janeiro August 20, 2014. REUTERS/Pilar Olivares/File Photo

RIO DE JANEIRO (Reuters) - Brazil’s government expects 2018 revenue of up to 10 billion reais ($3.16 billion) from the privatisation process of power holding company Eletrobras (ELET5.SA), deputy energy minister Paulo Pedrosa said on Tuesday.

Pedrosa told reporters on the sidelines of a seminar in Rio that the Eletrobras privatisation model was unlikely to be ready this week. He also said the government was ready to sell hydroelectric dams operated by Companhia Energética de Minas Gerais SA (CMIG4.SA) and that at least four groups were interested in the assets.

Reporting by Marcelo Teixeira; Editing by Richard Chang

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