With No Buyers, Brazil’s Eletrobras Delays Sale of Distributor

  • ‘If no buyer appeared, it shows the asset was expensive’
  • Company’s Celg-D distribution unit has $718 million in debt

Brazil has delayed the sale of Eletrobras’ biggest energy-distribution unit, a blow to the government’s plans to bolster the indebted company’s cash and curb its deficit.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.