Shares of Brazil’s biggest utility soared after Reuters broke the news on Tuesday that Brazil’s government was preparing a decree on the proposed privatization of state-run power company Eletrobras. The presidential decree allows development bank BNDES to work on the privatization of the company.
Business & Finance
Reuters first to report Brazil preparing Eletrobras privatization decree; market reacts
24 February 2021, 6:52 pm. 1 minute
Market Impact
The firm’s most widely traded class of stock quickly added a 10% gain in the session and jumped another 6% in opening Wednesday trading after the news was confirmed by the company and government.
Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Commodities & EnergyEquities
Regions: South America
Countries: Brazil
Win Types: Speed
Media Types: Text
Customer Impact: Important Regional Story
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