Tuesday , November 19 2019
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Privilege begins in Brazil with profit profits; expectations of 890%

Jair Administration Bolsonaro is preparing for a huge achievement of your first sale of assets.

Government funds are governed by a state bank Caixa Economica Federal is selling its money in IRB Brasil Resseguros SA, the largest reformer in Latin America, with a benefit of around 890% compared to when he bought the sections, according to a person who was familiar with his / her; business.

The funding purchased, which supports student loans with high levels of loyalty, Its profit in IRB in August 2015 at 9.44 reais (US $ 2.51) was the share before its company listed on the trading stock, saying this person, who asked She has not been named as the public information is not. Now the value of the IRB shares is worth 93.50 reais each according to Monday's closing price, property ready for sale, in business scheduled for Tuesday. The profit that has been calculated does not include paid wares in all times.

In the same period, the scoreboard of Brazil, the Ibovespa, rises, 109%. The IRB shares have risen by almost 12% to date this year, and their value is more than three-quartered from their beginning in 2017. The property, which needs money to cover equality standards of about 50%, its sales are divided by almost 9 per cent in IRB, or 27.7 million common shares. The offer could build about 2,500 million rewards, according to Monday's closing price.

Caixa offers additional business transactions to make a sale at Banco do Brasil SA, Alupar Investimento SA and Petroleo Brasileiro SA, a & # 39; confirm this person.

Caixa itself offers the offer of IRB, and # 39; The first is for a state bank in over 150 years of existence, with Bank of America Corp., Itau BBA, Bradesco BBI and Banco do Brasil, who are also part of the sale. Caixa is also among the selected banks to help complete the public procurement First of the unit We run from the JSL transport company, according to the person.

Caixa, based in Brasilia, refused to comment on the potential benefits of the agreement.

Tuesday is the first sale of assets by a state organization this year, and means that it is expected to be a hard time for government agreements. The new Brazilian administration is trying to raise US $ 20,000 million this year through the sale of companies and property that is under the control of the state. Privatizations are fundamental to the government's economic agenda which aims to reduce debt, promote physical accounts and accelerate growth.

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