UPDATE 2-Brazil to allow Goais state to assume debt of power holding

July 21, 2016 5:36 PM

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BRASILIA, July 21 The Brazilian government on Thursday authorized the state of Goias to assume a 1.9 billion reais ($583 million) in debt owed by energy holding company Celg de Participações (Celgpar) to pave the way for the privatization of some of its assets.

The National Monetary Council, the country's highest economic policy body, said the measure will increase the attractiveness of that company's assets, paving the way for their sale.

Also read: Brazil grants antitrust approval for FMC Technologies, Technip merger

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