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Even Water, Sewage, and Lottery Institutions Will Join the Government’s Privatization Program in 2019, Alongside Various Other Sectors
The new Brazilian government is embarking on a program to sell stakes and grant concessions in more than 100 state-owned entities as part of its effort to pay off Brazil’s public debt and reduce the government’s role in the economy. The privatization program is managed by the Special Secretariat for Privatization and Divestment, a newly created government agency within Brazil’s Ministry of Economy.
The federal government is planning to grant concessions or sell its stakes in companies operating in the following industrial sectors:
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- Airports – Concessions will be granted to manage and operate a total of 12 airports, divided into 3 geographical blocks (Northeast, Midwest, and Southeast Brazil); furthermore, the federal government intends to sell its minority stake in the entities that are the concessionaires for the 4 largest airports in Brazil – Brasília, São Paulo, Rio de Janeiro, and Belo Horizonte.
- Energy – Sale of the government’s stake in Eletrobras, which is responsible for 31% of Brazil’s energy generation capacity and 49% of Brazil’s transmission capacity.
- Oil and Gas – Concession to foreign companies for the exploration of all offshore oil basins.
- Ports – Concessions for the operation of certain terminals at various ports in Brazil.
Additionally, the Brazilian government also intends to grant concessions or sell equity stakes in other sectors, including transportation (highways and railways), mining, the Mint (equivalent to the U.S. Mint and the Bureau of Engraving and Printing), water and sewage, financial institutions, and lotteries, among other industrial sectors.
Some RFPs (Requests for Proposals) have already been published by the different agencies responsible for each concession or public auction. Each agency is tasked with formulating the mechanism by which it will select the winning bidder.
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