24 de octubre de 2016 / 18:26 / hace un año

Eletrobras shareholders assembly approves sale of Celg-D

SAO PAULO, Oct 24 (Reuters) - Brazil’s state-controlled power holding company Eletrobras said on Monday that a shareholders assembly approved the sale of a controlling stake of power distribution company Celg-D.

Eletrobras, or Centrais Elétricas Brasileiras SA, plans to privatize Celg-D in an auction at Sao Paulo-based exchange BM&FBovespa in a date yet to be defined, but possibly in December. The minimum price for Celg-D, a distributor serving the agricultural-rich Goias state, was set at 1.8 billion reais ($577 million).

$1 = 3.119 Brazilian reais Reporting by Marcelo Teixeira; Editing by Chris Reese

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