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Reuters
Reuters
Business

Brazil's Lula says he would strengthen, rather than privatize, key state enterprises

Brazil Luiz Inácio Lula da Silva Eletrobras Luiz Inacio Lula da Silva
Brazil’s former President Luiz Inacio Lula da Silva speaks at Sindicato dos Metalurgicos do ABC (ABC Steelworkers' Union), in Sao Bernardo do Campo, Brazil January 29, 2022. REUTERS/Carla Carniel

Former Brazilian President Luiz Inácio Lula da Silva said on Thursday he would seek to strengthen state-owned companies such as power company Eletrobras and postal service Correios if elected, potentially complicating current plans to privatize the enterprises.

The Bolsonaro government wants to privatize Eletrobras and Correios but the move has been repeatedly delayed.

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