May 22, 2018 / 10:25 PM / 7 months ago

Eletrobras privatization decree will not be voted on -Brazil House speaker

BRASÍLIA, May 22 (Reuters) - A presidential decree outlining rules for privatizing state-owned power company Centrais Eletricas Brasileiras SA will not be voted on and the government should send a draft bill instead, Brazil’s House speaker Rodrigo Maia said on Tuesday.

The decree will no longer be effective on June 1 if not approved by Congress. A draft bill is likely to take longer to pass through both houses. (Reporting by Maria Carolina Marcello Editing by Tom Brown)

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