Minimum Bid for Privatization of São Paulo Anhembi Complex Fixed at R$1.45 Billion

Successful bidders for the largest event center in Latin America will also be required to provide the Sambadrome area for Carnaval and religious events.

SÃO PAULO, BRAZIL - The São Paulo City Hall has published, in the Official Gazette last week, a notice for the privatization of the Anhembi Complex, the largest event center in Latin America located in the city's North Zone. The main change in the document concerns the fixed minimum price of R$ 1.45 billion (US$391 million). The tenders will be opened on August 16th.

According to the notice, Brazilian and foreign companies, financial institutions and Equity Investment Funds (FIPs) may participate in the process, either separately or as a joint-venture. The successful bidder will be . . .

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