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Lula Reiterates 'Dream' of Reversing Eletrobras Privatization, Setting 2026 Election Risk

Former President Lula has reignited political risk for investors in Brazil's largest utility, Eletrobras, by calling its 2022 privatization the 'biggest theft' and vowing to return it to state control.

By Diane Cole

Published Sep 9, 2026, 3:34 PM UTC

Lula Reiterates 'Dream' of Reversing Eletrobras Privatization, Setting 2026 Election Risk — Illustration — BRZ.news

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