July 12, 2018 / 9:53 PM / in 9 months

Brazil development bank BNDES suspends auction of Eletrobras distributors

SAO PAULO, July 12 (Reuters) - Brazil development bank BNDES said on Thursday it would suspend an auction of electricity distributors owned by state-controlled utility Centrais Eletricas Brasileiras SA as it evaluates a court ruling blocking the sales.

BNDES will set a new date to auction the distributors in north and northeastern Brazil once it has legal authorization to do so, it said in a statement. The auction had previously been scheduled for July 26. (Reporting by Luciano Costa; Editing by Christian Plumb)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below