Brazil Seeks $2.7 Billion With Postal Service Privatization
- Communications Minister Fabio Faria sees 10 potential buyers
- Privatization plans have stalled in Bolsonaro’s first 2 years
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Brazil seeks as much as 15 billion reais ($2.7 billion) with the sale of its postal service next year, the first major privatization of an ambitious plan that has so far yielded limited results.
Communications Minister Fabio Faria sees some 10 companies as potential buyers, including delivery firms FedEx Corp. and DHL, a unit of Deutsche Post AG, as well as retailers Magazine Luiza SA, Amazon.com Inc. and the local unit of Mercado Libre Inc. Five of them have expressed interest in the sale, Faria said in an interview, without providing specifics.