Brazil's Eletrobras shareholders approve extension of distributor operations
RIO DE JANEIRO
Petroleumworld 07 31 2018
Brazil's Centrais Eletricas Brasileiras SA said on Monday that shareholders had approved an extension of the state-run power company's operation of electricity distributors until the end of the year instead of until the end of July.
The move is a part of the planned privatization of the distributors, after an auction to sell four of them was delayed until Aug. 30.
Reporting by Luciano Costa Editing by Matthew Lewis from Reuters.
reuters.com 07 30 2018
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