Preferred shares of Brazil state-controlled power utility Centrais Eletricas Bra...
FILE PHOTO: The logo for Eletrobras, a Brazilian electric utilities company, is displayed on a screen on the floor at the New York Stock Exchange in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid
BRASILIA - Preferred shares of Brazil state-controlled power utility Centrais Eletricas Brasileiras SA rose over 12% to around 45 reais after House Speaker Rodrigo Maia said on Wednesday that Congress will renew efforts to privatize the company. Speaking after a meeting with Brazil Economy Minister Paulo Guedes, Maia said it is important to consider that resources committed to Eletrobras are affecting investments in education, health and infrastructure projects.
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