Brazil: public asset auctions move US$16.34 billion

Auctions for the sale and concession of public assets to the private sector carried out on the Brazilian Stock Exchange (B3) moved R$85 billion (US$16.34 billion) last year, with the negotiation of 84 assets.

The highlights of the operations carried out on the stock exchange in 2022 were the seventh round of auctions by the National Civil Aviation Agency (Anac), which offered the concession of 15 airports, including Congonhas, in São Paulo, and the privatization of Companhia Riograndense de Saneamento (Corsan), the first in the sanitation sector.

According to B3, bidding processes last year were responsible for the concession of 2,900 kilometers of highways to the private sector.

In the energy sector, which had R$19 billion in investments, the auctions guaranteed the construction of 6,000 kilometers of electricity transmission lines and an average discount of 58% on amounts to be paid by municipalities for public lighting.

In the area of sanitation, around 34 municipalities were benefited, with R$8 billion in investment.

In addition, six parks, which receive more than 4 million visitors a year, and two subway lines, which carry more than 1 million passengers a day, were awarded.

“B3 is committed to contributing to the economic and social development of the country and has been working, for more than three decades, to unite private sector investors with good infrastructure projects,” said Guilherme Peixoto, superintendent of bidding processes at B3 .

“We seek to offer technical quality, impartiality and transparency to, along with great partners, promote a qualified business environment”, he added.

Last year’s financial volume was below the busy one in 2021, when 102 public assets were sold or granted to the private sector and generated more than R$90 billion in investments.

With information from Revista Oeste

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