Brazil Court Approves Eletrobras Privatization; Ecuador’s Lasso to Attend Americas Summit

A roundup of Thursday’s news from across Latin America

Bloomberg Línea
May 19, 2022 | 11:35 PM

Bloomberg Línea — The Brazilian government has received the green light from a federal court to move ahead with the privatization of electric power utility Eletrobras, the country’s largest power generation company.

Ecuador’s President Guillermo Lasso confirmed Thursday that he will attend the Summit of the Americas in Los Angeles in June. “The summit is the opportunity to hug President (Joe) Biden and talk about what we share: how to lead a post-pandemic economy,” said Lasso, who participated in the Bloomberg New Economy Gateway Latin America, held this week in Panama City.

On the stock markets, Colombia’s COLCAP index put in the worst performance in the region on Thursday, followed by Argentina’s Merval (MERVAL). Colombia’s main index was dragged down by the shares of Grupo Nutresa (NUTRESA), which continue to fall after a third takeover bid launched by Grupo Gilinski was declared void this week.

Following is a roundup of Thursday’s news from Bloomberg Línea and Bloomberg reporters across Latin America.





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El Salvador:

  • A partial disconnection of the regional electric grid caused an electrical outage that left much of El Salvador in the dark Wednesday night, and also impacted Guatemala and Honduras.