February 2, 2018 / 6:02 PM / 8 months ago

Brazil judge strikes down injunction blocking Eletrobras privatization

BRASILIA, Feb 2 (Reuters) - A Brazilian Supreme Court justice on Friday knocked down an injunction that had blocked some portions of a presidential decree to privatize Centrais Eletricas Brasileiras SA, according to court filings.

President Michel Temer issued a provisional decree last year that changed the country’s law to allow for Eletrobras, as the company is commonly known, to be privatized. The Supreme Court decision overturns an injunction imposed by a lower court in January. (Reporting by Luciano Costa; Writing by Jake Spring; Editing by Jeffrey Benkoe)

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