July 12, 2018 / 9:52 PM / 2 months ago

Brazil development bank BNDES suspends auction of Eletrobras distributors

SAO PAULO, July 12 (Reuters) - Brazil development bank BNDES said on Thursday it would suspend an auction of electricity distributors owned by state-controlled utility Centrais Eletricas Brasileiras SA as it evaluates a court ruling blocking the sales.

BNDES will set a new date to auction the distributors in north and northeastern Brazil once it has legal authorization to do so, it said in a statement. The auction had previously been scheduled for July 26. (Reporting by Luciano Costa; Editing by Christian Plumb)

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