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Board of Directors of Brazil’s Eletrobras approves asset sale program


RIO DE JANEIRO, Nov 25 (Reuters) – The board of directors of Brazilian state power company Eletrobras has approved a program to sell a series of assets, which it did not disclose, in which it has a minority stake, the firm said in a filing with the regulator. Thursday. Centrais Eletricas Brasileiras SA, as the company is formally known, said the asset sale is part of its strategy to sell 3.5 billion reais ($ 629 million) in assets from 2021 to 2025.

($ 1 = 5.57 reais)

(Report by Gram Slattery. Edited in Spanish by Rodrigo Charme)

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