RIO DE JANEIRO, BRAZIL - The state of Rio de Janeiro celebrated this Friday, April 30, the largest privatization of basic sanitation services in Brazil, after an auction that raised R$22.69 billion (US$4.2 billion) for the state.
Rio de Janeiro granted to private investors, the right to operate the water and sewage service of the state for 35 years, after a bid held at the São Paulo Stock Exchange and attended by the President of Brazil, Jair Bolsonaro, and the Minister of Economy, Paulo Guedes, among other authorities.
In the auction, which was kept in suspense . . .