The Brazilian government wants to privatize the entire state company Correos

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RU de Janeiro (Sputnik) – The Brazilian government plans to privatize the entire state company Correos through a traditional auction, according to the special secretary for privatization and divestment at the Ministry of Economy, Diogo Maccord.

The idea isSelling full control of the company“In the form of a traditional auction,” McCord explained to the newspaper. or a balloon.

Unlike other privatizations, in which shares are issued so that the state ceases to be the major shareholder but still retains a part of it, in this case it is meant to sell the whole company.

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The buyer (one company) will take the assets and liabilities of Correos, which according to the estimates of the National Bank for Economic and Social Development (BNDES) amount to 13,000 and 14,000 million riyals (2.5 and 2.7 billion dollars), Straight.

Next week, the Post Office privatization bill will be voted on in the House of Representatives, a key step for the government to achieve its goal of selling the company no later than March 2022.
The other large state company the government wants to privatize, Eletrobras, has already received approval from the National Congress and, if expectations are met, will be handed over to a private initiative in the first quarter of next year.


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