July 30, 2018 / 9:52 PM / 4 months ago

Eletrobras shareholders approve extension of distributor operations

RIO DE JANEIRO, July 30 (Reuters) - Brazil’s Centrais Eletricas Brasileiras SA said on Monday that shareholders had approved an extension of the state-run power company’s operation of electricity distributors until the end of the year instead of until the end of July.

The move is a part of the planned privatization of the distributors, after an auction to sell four of them was delayed until Aug. 30. (Reporting by Luciano Costa Editing by Matthew Lewis)

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