October 18, 2019 / 3:02 PM / a month ago

Eletrobras privatization bill to be set in motion by early November -minister

SAO PAULO, Oct 18 (Reuters) - A privatization bill for state-controlled Brazilian power company Eletrobras SA will be sent to Congress by early November, the country's mines and energy minister said on Friday, sending the company's shares up almost 3%.

"I plan to deliver this project to Congress in person," minister Bento Albuquerque told reporters on the sidelines of a power auction.

Alburquerque had previously said the bill would be sent to Congress in October. (Reporting by Luciano Costa Writing by Gabriela Mello Editing by David Goodman)

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