Eletrobras says Brazilian president approves privatisation plan, shares surge

SAO PAULO (Reuters) - Brazil's state-controlled Centrais Eletricas Brasileiras SA , known as Eletrobras, said in a securities filing on Thursday that President Jair Bolsonaro had authorized studies into privatising the power company via a share offering. The company, which is responsible for almost one third of the generational capacity and half of Brazil's power transmission grid, said the privatisation would need to be approved by Congress

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