FILE PHOTO: Brazil's President Jair Bolsonaro speaks during a ceremony at the Planalto Palace in Brasilia, Brazil, November 4, 2019. REUTERS/Adriano Machado
BRASILIA - 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.
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Ominous political fate..