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SÃO PAULO, BRAZIL – The Ministry of Economy announced on Tuesday, January 14th, that the government intends to sell about 300 public assets in 2020, bringing in over US$36 billion. The assets include state-owned companies, such as Eletrobras, subsidiaries and equity interests.

"A bloated state does not invest, does not let the private sector invest and becomes the focus of political corruption," declared Economy Minister Paulo Guedes earlier this week.

The expectation of the economic team, according to Privatization Secretary, Salim Mattar, Subscribe to our Premium Membership Plan. Already Subscribed?