This Nation Just Declared An Unprecedented Sale In Energy

26 Aug 2017   Brazil

The economy of Brazil has been struggling lately. Weighed down by the collapse in oil prices, and a massive corruption scandal — which this week saw the former CEO of state oil company Petrobras formally indicted . But Brazil’s government is striking back. Announcing Wednesday a sweeping slate of asset sales — that may open up some of the biggest opportunities the country has ever seen in energy and mining. Brazil’s legislators put forward a list of 57 major state infrastructure assets that will be put up for privatization. Giving investors access to these strategic sectors for the first time ever. Many of these are transport-related — including ports, highways and even airports. But the list also includes power transmission infrastructure across the country. In fact, the government is putting the majority of its electrical grid up for sale. Announcing it will sell some or all of its 51% […]

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