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News: Lower House Approves Main Text For Eletrobras Privitisation

BRAZIL
  • Brazil's lower house approved the main text of a bill that paves the way for the privatization of state utility Eletrobras.
    • Main text was approved by 313 votes; there were 166 votes against and 5 abstentions.
    • Lower house still has to vote on bill changes suggested by lawmakers.
    • After lower house approval, Eletrobras bill needs to be voted on in the Senate. (BBG)
  • Brazilian Environment Minister Ricardo Salles, who is charged with helping to protect the Amazon, was targeted by Brazilian federal police Wednesday as part of an investigation into alleged illegal chopping of trees for export, according to people familiar with the probe. (Dow Jones)

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