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"privatization" tag

Brazil’s Congress approves bill to privatize Eletrobras

A plan to privatize South America’s largest state-owned energy provider has been approved by Brazilian lawmakers. Critics warn that privatization will increase energy costs. The lower house of the Brazilian Congress passed legislation on Monday...


Musk reveals one driver behind taking-Tesla-private plan

Tesla CEO Elon Musk has unveiled a main source of funding for his go-private transaction, saying Saudi Arabia’s sovereign wealth fund has been pushing him to go ahead with a plan aimed at buying out...