Brazil Said to Expect Up to 5 Billion Reais From Utility Sale
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Brazil’s government expects the sale this year of the Goias state distributor Celg to raise as much as 5 billion reais ($1.6 billion), according to an official on President Dilma Rousseff’s economic team with direct knowledge of the discussions.
The Treasury would get 1.5 billion reais to 2 billion reais from the sale of Celg Distribuicao SA, with the remainder going to shareholders, the official said. Separately, Hong Kong-based China Mobile and Singapore’s sovereign wealth fund have expressed interest in bidding for the planned auction of a 4G operating license.