Brazil mediator to address 'deadlock' over Eletrobras voting power


  • World
  • Wednesday, 20 Dec 2023

FILE PHOTO: The logo for Eletrobras, a Brazilian electric utilities company, is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 9, 2019. REUTERS/Brendan McDermid/FILE PHOTO

SAO PAULO (Reuters) - A judge on Brazil's Supreme Court formally asked the state mediator on Tuesday to review a request to grant the government voting power in electric utility Eletrobras proportional to its stake in the formerly state-run company.

The request marks the latest twist in a dispute over how much power the government of President Luiz Inacio Lula da Silva should wield over the power company.

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