Guedes wants to raise $12 bn with sale of shares in Eletrobras

The strategy, designed by Economy Misister Paulo Guedes, is to promote the sale of the Eletrobras shares on the market that the government and its development bank (BNDES) will still hold. This second transaction, to follow the stock offering that would transfer control to the private sector, is seen in the government as a sort of phase two of the privatization and estimated to raise almost R$62 billion ($12 bn). The government would keep only a golden share to have veto power in strategic decisions.

Source: Valor Internacional