Privatization of ‘Correios’ Attracts Interest from American UPS

The logistics giant met with Paulo Guedes in Davos and the potential purchase is said to have been the subject of discussion.

RIO DE JANEIRO, BRAZIL - The privatization process of 'Correios' (Brazilian Postal Service) may be confusing, but that does not prevent the first interested parties from starting to speak out.

This is the case of the giant UPS, a US multinational delivery company, which is said to have shown interest in buying the state-owned company in a meeting with Economy Minister Paulo Guedes in Davos, where the World Economic Forum is being held.

Guedes met with Nando Cesarone, president of UPS International, during the event. No one is openly talking about the topic discussed, but sources consulted by Valor Econ . . .

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