NEW YORK, Nov 15 (Reuters) - Brazil’s deputy Finance Minister Eduardo Guardia said on Wednesday the government expects to send a bill to privatize state-controlled utility Eletrobras to Congress next week.
Guardia said key details of the privatization process will be submitted to a shareholders meeting expected to take place next year. The Brazilian government plans to privatize the company through a share offering that will dillute its stake.
Voting rights will be limited to 10 percent for individual new investors, a way of ensuring Eletrobras will have dispersed share ownership after the privatization, Guardia said. (Reporting by Tatiana Bautzer; Editing by Christian Plumb and Chizu Nomiyama)