September 14, 2017 / 11:13 PM / a year ago

Brazil's São Paulo state decides to suspend privatization of utility CESP

SAO PAULO, Sept 14 (Reuters) - The state of São Paulo has decided to suspend the privatization process of utility CESP Companhia Energética de São Paulo, the company said in a securities filing on Thursday.

A body responsible for overseeing the sale of state assets decided to suspend the sale pending possible changes in the process, without elaborating, the filing said. (Reporting by Tatiana Bautzer; Editing by Daniel Flynn)

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