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Brazil approves privatisation model for Eletrobras distribution units

Reuters  |  BRASILIA 

BRASILIA (Reuters) - Brazil's has approved the privatisation model for the power distribution units of state-run company , Adalberto Vasconcelos, who heads the body overseeing Brazil's privatisation programme, said on Wednesday.

Vasconcelos said the auction to sell the six distribution companies should take place in March. The has also passed the privatisation model for the sale of state lottery Lotex and the rail project Ferrograo, he said.

(Reporting by Leonardo Goy; Writing by Marcelo Teixeira; Editing by Paul Simao)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, November 09 2017. 05:25 IST