U.S. Markets closed

Brazil struggles with effort to privatize Eletrobras -congressman

(In March 21 item, corrects headline and first paragraph to show that government has not abandoned effort to privatize Eletrobras)

BRASILIA, March 21 (Reuters) - Brazil's government "has not given up, but lacks focus" in its bid to privatize state-controlled power holding company Centrais Eletricas Brasileiras SA, the lawmaker tasked with getting the privatization bill through Congress said on Wednesday.

Congressman Jose Carlos Aleluia said a committee hearing on the privatization scheduled for Wednesday had been canceled, but that he plans to meet with President Michel Temer's top ministers on the topic early next week. Reuters reported on Tuesday that the Eletrobras privatization had been severely weakened by powerful senators opposed to its sale. (Reporting by Leonardo Goy Editing by Paul Simao)