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Brazil finance ministry requested analysts on end of golden share
September 6, 2017 / 1:15 PM / 17 days ago

Brazil finance ministry requested analysts on end of golden share

SAO PAULO (Reuters) - Brazil’s government has requested legal and financial analysis on relinquishing the right to veto certain strategic decisions in a few companies that are or were privatized.

In a Wednesday statement to Reuters, the ministry said it had requested the state auditing court to gauge how the government could exit the so-called golden share it holds in former state monopolies that have been partially or fully privatized in recent years. The note did not say when or why the ministry requested such analysis from the court known as TCU.

The news was first reported by Valor Econômico newspaper earlier in the day.

Reporting by Guillermo Parra-Bernal

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