SAO PAULO: Brazilian state-run power group Companhia Energetica de Brasilia is considering privatizing its distribution unit, CEB-D, to raise 500 million reais ($129 million) to improve its finances, Chief Executive Edison Garcia said.The potential sale of a majority stake at CEB-D will be discussed at a shareholders meeting scheduled for June 19, when other alternatives will also be presented, Garcia told Reuters in an interview on Friday.
Garcia said another options would be a capital injection by the Brasilia regional government or the sale of generation assets by the holding company CEB.