![]() One Supreme Court justice said they see no room for a potential privatization reversal request to succeed in court or Congress, calling any such initiative "not serious". The solicitor general did open studies for that purpose in February but, should the matter be taken to the Supreme Court, justices would likely uphold the privatization, according to the sources, who asked not to be named. The stance means one of the economic hallmarks of Bolsonaro's right-wing government would likely remain intact even after President Luiz Inacio Lula da Silva asked cabinet members to search for loopholes in the process that could allow his administration to legally question it.Įletrobras, Latin America's largest utility, was privatized in June 2022, when the government diluted its then controlling stake in the firm in a $6.9 billion share offering.īut Lula, a longtime opponent of the privatization who previously dubbed it "erratic" and "almost banditry," asked his solicitor general to look for ways of questioning the process when he took office from Bolsonaro earlier this year. BRASILIA, April 4 (Reuters) - Brazil's Supreme Court is expected to reject any request from the country's new leftist government to revise the privatization of power firm Eletrobras, carried out during the administration of former president Jair Bolsonaro, according to three court sources. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |