Eletrobras to Complete Part of Divestitures by H1 2018

Brazil's state-controlled power holding company Eletrobras expects to complete most of its divestiture program by the end of first half next year, Chief Executive Wilson Ferreira Jr said on Tuesday.

Centrais Elétricas Brasileiras SA, as the company is formally known, is in talks to sell minority stakes in dozens of power transmission and power generation projects. It will also auction off six power distribution companies located in Northern Brazilian states early next year.