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LatinNews Daily - 04 October 2019
In brief: Brazil meets divestment target
* Brazil’s special secretary for privatisations and divestments in the economy ministry, Salim Mattar, has announced that, in the first nine months of the year, the government has met and even exceeded its 2019 divestment target of US$20bn. According to Mattar, the government has raked in R$78.6bn (US$19.2bn) through privatising or divesting shares in state companies, R$5.7bn through concessions, and R$11.9bn through the sale of natural assets such as oil fields, bringing the total to R$96.2bn (US$23.6bn). Mattar said that state-owned oil company Petrobras and the state-run banks Caixa Econômica Federal and Banco do Brasil will not be privatised.
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