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The Minister of Economy, Paulo Guedes, stated on Tuesday night (08/20/2019) that the government should announce this Wednesday (08/21/2019) the privatization of 17 companies. “And we think we will surprise. There are big people who think it will not be privatized and will go under the knife”, said the minister, then saying that “next year there will be more”.
“We will continue [with the privatizations], it is a good time, it is working out. We think that four years is a good time, there are three and a half years left, there is still time,” said the minister. “This merger of Embraer with Boeing is an extraordinary deal. If we can do two or three more major mergers of large Brazilian companies,” he said.
See the list of 17 state-owned companies, released by Power 360:
- Asset Management Company (Emgea);
- Brazilian Agency for the Management of Guarantee Funds and Guarantees (ABGF);
- Federal Data Processing Service (Serpro);
- Social Security Technology and Information Company (Dataprev);
- Mint;
- São Paulo Warehouses and General Stores Company (Ceagesp);
- Supply Centers of Minas Gerais (Ceasaminas);
- Brazilian Urban Train Company (CBTU);
- Porto Alegre Urban Train Company SA (Trensurb);
- Espírito Santo Docks Company (Codesa);
- Brazilian Communications Company (EBC);
- Center of Excellence in Advanced Electronic Technology (Ceitec);
- Telebras;
- Mail;
- Eletrobras;
- Exclusive Instant Lottery (Lotex);
- São Paulo State Docks Company (Codesp).
The minister praised the merger between Embraer and Boeing and also said that the ideal would be to make two or three more mergers of this type. Guedes then stated that the government has been talking to the United States and China in search of trade agreements. “We are going to dance with the Americans and the Chinese,” he said.
Conversation with the Senate
Guedes also said he was positively surprised by the conversation he had earlier with Senate leaders regarding deadlines for tax reform and the proposed federative pact.
The minister said he arrived at the meeting expecting the tax reform to take five to six months to be voted on and the pact to take eight months to a year. However, the senators expect to conclude everything in two to three months. “I left there whistling,” said the minister. “It was an extraordinarily positive conversation.”
Guedes, who participated in a business awards event in São Paulo, wanted to share with those present a little about what his experience in Brasília has been like. According to him, the federal capital has “a lot of noise” because “it gives people excitement,” but he emphasized that the signs are very good. “What I see in Brasília is very different from the noise, that’s not what’s happening,” he said.
The head of the Economy Department said that he has seen that parliamentarians have the political will to make changes. “We are contradicting the expectation that this would be a government without parliamentary support,” said the minister, referring to the progress of the economic agenda in Congress, without failing to give credit to the president of the Chamber of Deputies, Rodrigo Maia (DEM-RJ).
(With information from Agência Estado)
