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Bolsonaro adviser favors selling Eletrobras generation assets

October 13, 2018 5:33 PM
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SAO PAULO (Reuters) - The top economic adviser to Brazilian far-right presidential front-runner Jair Bolsonaro said he favors selling off some of the power generation assets of utility company Centrais Eletricas Brasileiras S.A., raising new contradictions in the candidate’s policy team.

Shares of the company, known as Eletrobras, soared following the clear lead Bolsonaro took in Sunday’s first-round vote, but then tumbled 13 percent on Wednesday when Bolsonaro said he would privatize transmission and distribution units but not the generation of electricity. Bolsonaro had previously...

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