Brazil’s government will cut its stake in power company Centrais Eletricas Brasileiras SA , or Eletrobras, to 45% from its current 61% in a planned privatization process, a senior official in the Energy Ministry announced on Wednesday.
The Nicaraguan parliament, controlled by the party of leftist President Daniel Ortega, on Thursday, approved a reform that will open the door to the privatization of drinking water services in the Central American nation.
Internal splits in Bolivia’s interim government led to the departure of the country’s economy minister and two other cabinet ministers Monday, stoking uncertainty about the Andean country’s economic recovery from the coronavirus pandemic.
Brazilian oil workers and oil giant Petrobras were locked in a power struggle over the company’s privatization plans, with the union saying thousands of employees are on an indefinite strike.
Brazil will add public TV and radio network Empresa Brasil de Comunicação to government-owned companies to be privatized, two sources with knowledge of the matter said on Thursday.
Brazil's influential finance minister has convinced President Jair Bolsonaro to consider the once-unthinkable step of privatizing state-owned oil company Petrobras , but stiff political opposition could stifle any effort to sell the country's corporate crown jewel.
Brazil's state-controlled oil company Petrobras on Friday for the first time detailed long-awaited plans to sell a series of refineries and other assets as the company focuses on its core oil and gas exploration business.
Spain’s Aena SME SA and Switzerland’s Flughafen Zuerich AG last Friday won the right to operate two key Brazilian airport groups, in one of the first tests of President Jair Bolsonaro’s ability to draw foreign investment.
Brazil’s government will announce the privatization of southern airports, including Curitiba, in the second quarter of this year, according to Adalberto Vasconcelos, head of the PPI government program tasked with luring private investment in the country’s infrastructure.
The governor of Sao Paulo and likely centrist presidential candidate Geraldo Alckmin said that he would privatize Brazil's state-run oil company Petrobras if he wins the elections in October.