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Rio de Janeiro collects billions in CEDAE concession but debt to federal government not settled

RIO DE JANEIRO, BRAZIL - Despite having collected R$18.2 billion with the auction of the State Company for Water and Sewage (CEDAE) concession, Rio de Janeiro has not yet reimbursed the federal government for the loan taken out with BNP Paribas, which matured in late 2020 and was paid off by the federal government.

The Federal Attorney General's Office has lodged an appeal in an attempt to overturn a Federal Supreme Court injunction preventing the collection of the R$4.3 billion debt, but the petition has not yet been judged. The Rio de Janeiro state government, in . . .

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