Magalu and Amazon Interested in Buying Correios, Says Minister of Communications

The Minister also said he had contacted CADE, the Brazilian competition regulatory agency, about the approval of the sale of Oi to three of its competitors.

RIO DE JANEIRO, BRAZIL - Minister of Communications Fábio Faria said on Wednesday that there are five companies interested in the privatization of Correios. In a live streaming on social media, he mentioned four: the retailer Magazine Luiza, the American e-commerce giant Amazon, and the foreign logistics companies DHL and FedEx.

"The most significant aspect is that there are already five interested players. Magalu is one of them, Amazon, DHL and FedEx. There are now people, groups interested in acquiring the Correios, so this is important, because we will not have an empty privatization process".

Magalu and Amazon are . . .

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