Brazilian Government Abandons Plans for Eletrobras Re-Nationalization, Seeks Voting Power Increase Instead

In a significant announcement, Brazilian Mines and Energy Minister, Alexandre Silveira, declared on Monday that the re-nationalization of power firm Eletrobras, which underwent privatization last year, is not currently under consideration. Speaking at an event in Sao Paulo, Silveira revealed that President Luiz Inacio Lula da Silva's government had initially contemplated reversing the privatization process