Bolsonaro should publish MP to privatize Eletrobras

Provisional measure will allow BNDES to begin studies on the privatization of the company
23-02-2021-canal-solar-Bolsonaro deve publicar MP para privatizar Eletrobras

Eletrobras shares registered a jump of 11% for ON assets this Tuesday afternoon (23), becoming worth R$ 32.09 and a rise of 10.23% for PNA shares, which are worth R$ 32.24.

This happened after the Reuters disseminate the news that President Jair Bolsonaro's team is working to publish today, in an extra edition of the DOU (Official Gazette of the Union), an MP (Provisional Measure) associated with his plans to privatize the company. 

According to sources linked to Reuters, the MP, which should allow the BNDES (National Development Bank) to begin studies on the company's privatization, aims to “give a signal” to the market about Bolsonaro's commitment to privatization. 

The content of the provisional measure will be similar to that of a PL (bill) on the topic sent by the government in 2019, but which is stalled in the Chamber due to political resistance.

Picture of Mateus Badra
Matthew Badra
Journalist graduated from PUC-Campinas. He worked as a producer, reporter and presenter on TV Bandeirantes and Metro Jornal. Has been following the Brazilian electricity sector since 2020.

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