The Brazilian government on Wednesday announced a list of nine more state-run companies to be privatized, while also hinting at eventual sale of oil giant Petrobras. Presidential Chief-of-Staff Onyx Lorenzoni announced the list, which includes telecommunications operator Telebras, the Post Office, the Port of Santos, two government-owned data processing companies and four smaller firms. Lorenzoni did not offer a specific timetable for the privatizations. Press reports said they could take place in the coming months. Lorenzoni added that the government has initiated studies on the possible privatization of Brazil´s largest industrial company, state-run oil giant Petrobras. The company is already active in selling some of its assets, including subsidiaries, in order to pay down massive debts. Wednesday´s list did not include state-run utilities holding company Eletrobras. Press reports quoted officials saying more studies are needed before adding Eletrobras to the list.
Link to UOL news agency report.More Testimonials