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Correios: Brazil government to sell all state-owned postal company in single auction

RIO DE JANEIRO, BRAZIL - Brazilian state-owned postal service Correios will be sold to a single buyer in an auction scheduled for March, 2022. A bill approving this sale must be passed in Congress as it involves changes in regulation.

The government has now defined the Correios privatization model. The bill the Ministry of Economy intends to have passed in the Chamber of Deputies next week provides that the federal government will sell 100 . . .

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