Brazil To Start A 'Roadshow' To Privatize State Assets

[Judi Lynn]

Source: Marketwatch

Brazil To Start A 'Roadshow' To Privatize State Assets

Published: May 23, 2016 3:29 p.m. ET

Javier
Hasse

In an attempt to reduce the country’s fiscal deficit, the Brazilian government, now led by interim President Michel Temer, will soon be hosting several investor meetings in an attempt to sell some state assets, Reuters reported.

As per Wellington Moreira Franco, one of the main government officials in charge of attracting foreign investment to Brazil, a round of "roadshows" (as they have been nicknamed) around the world will be used to advertise the assets included in the plan, and the conditions to acquire them. And, while the agent did not specify which assets would be sold, or when the offer would begin, other sources familiar with the issue said the presentations would take place in mid-July.

. . .

Several top line analysts and politicians have criticized the privatization wave — "privatization" is almost a bad word for many in Latin America, but Moreira Franco has assured the plan will create new jobs in a struggling Brazil.

However, he has not provided an estimate of the amount that could be obtained from the asset sale — which others estimate could stand somewhere between $10 billion and $20 billion.








Read more: http://www.marketwatch.com/story/brazil-to-start-a-roadshow-to-privatize-state-assets-2016-05-23-15462910

[jtuck004]

1. They should travel here and look at all the advantages. n/t

[cstanleytech]

2. I hope they are careful over what they auction off because some of it like water rights

is a bad idea imo.

[Moliere]

3. And so it begins

This was the purpose of the coup to acquire all the public assets at a discount.

[HeartoftheMidwest]

4. Because privatization and austerity have worked SO well....

....for so many other countries around the world.

:

[Lodestar]

6. Happening here in the States too!

Selling off public assets, privatizing what should be public utilities, prisons, park lands.
These fat cats are doing what they do in corporate life...seizing other 'companies' (ie countries)
downsizing, divying up assets, replacing heads of management with their own people, etc.
They want it all.

[Art_from_Ark]

9. Sure seems like it, doesn't it?

[socialist_n_TN]

11. And also to stop an investigation into corruption as per this article.....

https://theintercept.com/2016/05/23/new-political-earthquake-in-brazil-is-it-now-time-for-media-outlets-to-call-this-a-coup/

Win/win for the capitalists and their employees in government. For the people of Brazil? Not so much.

[polly7]

12. Yes, it was. And it's heartbreaking to see, yet again. nt.

[WhiteTara]

5. Is this a foreshadow of a Trump presidency?

[McKim]

7. The People of Brazil and the PT Will Not Give Up Those Assests without a Fight

These Neoliberals are going to have trouble doing this selling of public assets. They will not give up without a fight. I predict riots.

[SusanLarson]

8. Revolution in Brazil in 3.2.1...

As prices sharply increase when the type of companies that buy assets like these jack up prices and stick it to the consumers.

[Nitram]

10. The right wing coup succeeded. Now it's time to share the spoils.

Brazil, I weep for you.