Brazil to Favor Local Companies in Public Auctions, Estado Says

Brazilian President Luiz Inacio Lula da Silva will approve a change to rules of public auctions to benefit local companies, O Estado de S. Paulo reported, citing unidentified government officials.

Brazilian companies will be able to win contracts over foreign ones in the event of a draw, the newspaper said.

To contact the reporter on this story: Laura Price at lprice3@bloomberg.net

To contact the editor responsible for this story: Francisco Marcelino at mdeoliveira@bloomberg.net

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