Privatization of Correios Should Only Occur in 2022

Studies on the privatization model of the state-owned company will only be completed by the end of 2021, according to the company's president.

RIO DE JANEIRO, BRAZIL - The studies on the privatization model of the Correios (Brazil Postal Service) should only be completed by late next year, says the president of the state-owned company, Floriano Peixoto.

As a result, Correios, the largest state-owned service sector in the country with 95,000 employees, is expected to be auctioned in 2022. The studies involve estimating the state-owned company's market value, which should take into account the impact of the last strike, which ran for 35 days. Below are the main excerpts from the interview.

Q: When should the consulting firm hired . . .

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