Eletrobras has the votes for shareholders approval on deal with Brazil, filing shows
SAO PAULO, April 28 (Reuters) - Brazilian power company Eletrobras has enough votes to approve a proposed agreement with the country's government regarding voting power in a shareholders meeting set for Tuesday, a filing with the votes cast remotely showed on Monday.
The two parties reached an agreement earlier this year after more than a year of discussions as the Brazilian government pushed to regain influence in Eletrobras more equivalent to its stake in the firm, which was privatized in 2022. The votes cast remotely can still be changed.
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