November 22, 2018 / 4:36 PM / 18 days ago

Brazil BNDES chief says "makes no sense" to hold stakes in major firms

Nov 22 (Reuters) - The head of BNDES said on Thursday that it "makes no sense" for Brazilian development bank to hold stakes in companies such as Vale, Eletrobras , JBS and Eletropaulo.

Dyogo Oliveira, the bank's chief, also said that sales of stakes held by BNDES will probably surpass 12 billion reais ($3.14 billion) this year, adding that a postponed tender of Eletrobras' power distribution company Amazonas Energia is confirmed to take place next week. ($1 = 3.8242 reais) (Reporting by Gabriel Stargardter; Editing by Jeffrey Benkoe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below