Air Freight and Logistics
Company Overview of Empresa Brasileira de Correios e Telégrafos S.A.
Empresa Brasileira de Correios e Telégrafos S.A. provides postal services in Brazil and internationally. It offers domestic and international, express, and economy parcel delivery services; express shipping service for municipalities; home collection service for domestic and international parcels; reverse logistics services; integrated logistics services; international express document shipping service to various countries in South America; international shipping services; domestic express document shipping services; traditional postal services; and telegrams. The company also provides customized stamps, postcards, seals, aerograms, and envelopes; electronic posting system, a tool for sendin...
SBN - Quadra 01- Bloco A
Ed. Sede dos Correios
Brasilia, DF 70002-900
Founded in 1969
Key Executives for Empresa Brasileira de Correios e Telégrafos S.A.
Economic and Financial Vice-Chairman
Interim Operations Vice-Chairman and Technology and Infrastructure Vice-Chairman
Network and Customer Relationship Vice-Chairman
Compensation as of Fiscal Year 2016.
Empresa Brasileira de Correios e Telégrafos S.A. Key Developments
Brazil's Government Reportedly Considers Selling Stakes In State Controlled Assets
May 16 16
Brazil's government is considering selling stakes in state-controlled assets including its postal company as well as holdings in transport, power and insurance firms in a bid to raise capital and streamline the public sector, a newspaper reported. Interim President Michel Temer's government is working with a list of companies and sectors that would be the first targets of any move back toward sales of state-controlled holdings, the Rio de Janeiro daily O Globo said, citing anonymous members of Temer's economic team. O Globo said the government is considering partial sales of tranches in Empresa Brasileira de Correios e Telégrafos S.A. (Correios) and Casa da Moeda do Brasil - CMB. It may also revive efforts to sell stakes in the insurance unit of Caixa Econômica Federal and various port operators across Brazil in which the federal government has holdings, the newspaper said. Other privatizations being considered, according to the report, include the partial sale of INFRAERO - Empresa Brasileira de Infra-Estrutura Aeroportuaria, electricity holdings in more than 200 small companies controlled by Centrais Elétricas Brasileiras S.A. - Eletrobras (BOVESPA:ELET6) and various assets held through BNDES Participações S/A - BNDESPAR. A spokeswoman at Brazil's finance ministry declined to comment on the report, saying Finance Minister Henrique Meirelles would give more details about the government's economic plans in the coming days. The newspaper did not give a time frame for any of the privatizations being considered, but said that sales would depend on the operational and financial conditions of each holding, in addition to regulatory and market conditions.
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