November 5, 2019 / 9:15 PM / 15 days ago

REFILE-Brazil's Bolsonaro sends bill to privatize Eletrobras power company

(Refiles to fix typo in headline)

BRASILIA, Nov 5 (Reuters) - Brazil's President Jair Bolsonaro signed a bill on Tuesday for the privatization of state-run Centrais Eletricas Brasileiras SA, Latin America's largest power company and a sale of major state asset that must be approved by Congress.

The bill may face strong resistance in Congress because the government dropped the idea of maintaining a golden share in the company that would assure it the power to veto decisions once sold, which many lawmakers see as a needed guarantee for the country's security. (Reporting by Lisandra Paraguassu; Editing by Sandra Maler)

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