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From Rio Grande to Tierra del Fuego, news, reports and analysis on the reality of Latin America
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.
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.