Electric CEB approves privatisation of unit CEB-D for $254 mm

Companhia Energética de Brasília (CEB) reported that its shareholders approved a proposal to sell 100% of the shares of its electricity distribution subsidiary CEB-D. At an extraordinary general meeting, shareholders also decided that the privatisation of CEB-D should involve a minimum sale price of R$1.423 billion ($254mm).

Source: UOL Economia