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Lula says that AGU must seek a review of the Eletrobras privatization contract in court

President Luiz Inácio Lula da Silva said on Tuesday that the Attorney General’s Office (AGU) should ask the court to review the privatization contract of Eletrobras, saying the process would be “irregular” and “almost banditry”.

“It was almost banditry to prevent the government from reacquiring the majority in Eletrobras. Indeed, perhaps the Attorney General of the Union will go to court so that this leonine contract against the government can be reviewed,” Lula said in an interview with reporters at Palazzo Planalto.

“Because it’s against the government, both in terms of ownership – we want to have more people in management and more people on the board – and this business you can’t buy, you’re going to pay three times as much. , Machiavellico, which we cannot accept, “added the president, who however denied that his management has plans to renationalise the company.

The privatization of Eletrobras was approved in the government of former President Jair Bolsonaro, under criticism from left-wing parties such as Lula’s PT.

Last week, in a message to Congress, the government had already criticized the privatization of Eletrobras, saying it was concerned about mitigating the “negative consequences” of the energy tariff process due to privatization and the concentration of market power in a private company .

He also said that “the Union’s loss of ability to influence power company policy is ‘disturbing and should be the focus of attention’.

The statements repeated ideas that had been signaled by the government’s transition team earlier in the year and which have created apprehension in the market.

Source: Terra

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