October 17, 2018 / 12:08 PM / a month ago

Brazil gives antitrust nod to Eletrobras distributor sale

SAO PAULO, Oct 17 (Reuters) - Brazil’s antitrust agency Cade has approved the sale of a distribution company owned by state-run Centrais Eletricas Brasileiras SA, according to the official gazette on Wednesday.

Boa Vista Energia, a distribution company based in the remote state of Roraima, was sold at action by Eletrobras, as the state-run company is known, in August. The buyers were Oliveira Energia and Atem’s Distribuidora de Petróleo. (Reporting by Ana Mano)

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