Lula wants to discuss Eletrobras personally at the STF – 05/11/2023 – Panel SA

President Lula entered the field, personally, in the dispute with Eletrobras. He wants an audience with the Minister of the Federal Supreme Court, Kássio Nunes, rapporteur of the Direct Action of Unconstitutionality filed by the AGU (Attorney General of the Union) in which the Union questions the privatization of the company.

Advisors to the president were already scheduled to play that role, but Lula changed his mind and asked them to schedule a conversation.

They claim that the representative wants to use his political weight to get the minister to grant the injunction requested by the AGU as soon as possible.

In an event that took place in Salvador (BA), Lula called the privatization of the company “slutty”.

“Eletrobras was privatized, it seems to me that for BRL 36 billion. What did the ruler want the money for? To pay interest on his internal debt. Today, we don’t have [a] state and we still owe a lot”, he said.

In the request to the STF, Lula intends to obtain the suspension of clauses of the Eletrobras Privatization Law so that the Union can vote with more than 10% of its shares in important company decisions.

With that, the government’s idea is, alone, to elect four representatives to the board of directors.

If the restriction on forming a block between shareholders is also overturned, it would be possible to have more decision-making power and, who knows, even control of the board, the body that defines the company’s management guidelines.

With Diego Felix

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