Tag: brazil privatization

Brazil announces flood of privatizations

by Jorge Svartzman Agence France-Presse RIO DE JANEIRO, Brazil – A wave of privatizations announced by Brazil’s President Michel Temer has fired up the stock market with hopes of economic renewal, but critics fear an irresponsible fire sale. It’s an impressive list with 58 items ranging from the Congonhas aircraft terminal in Sao Paulo to big state-run energy utility Eletrobras and even the national mint, which produces banknotes and passports. Throw in Temer’s decree, also unveiled this week, […]