Day: June 29, 2020

BNDES estimates $3.8 bn of investment in sanitation sector auctions

BNDES is planning to hold 3 privatisation auctions in the sanitation sector by the end of the year: The water and sewage concessions in Alagoas and Rio de Janeiro, and the PPP (public-private partnership) in the city of Cariacica (ES). The estimate is R$ 36 billions ($6.8 bn) of investment throughout the concession in the areas that will be granted to the private initiative.

Petrobras recovers another $50 mm from Car Wash Operation

Petrobras received another R$265.1 million ($50 mm) as a result of a leniency agreement. This time, the agreement was signed by Technip Brasil and Flexibras, companies of the Technip Group. Thus, the total funds returned to the company exceeded the amount of R$4.5 billion ($849 mm), as a result of the investigations of Car Wash Operation.

Central Bank reports obtained loans reach $55 mm in May

The Central Bank of Brazil reported that companies and families obtained loans of R$289 billion ($55 mm) from banks in May. There was a reduction of 3.3% in relation to April. In the accumulated result for the year, total concessions grew by 7.6%, compared to the period in 2019, reflecting the increase in corporations (17.7%) and the decrease in individuals (0.9%). The Central Bank of Brazil said when it released the Monetary and Credit Statistics.

Sales drop 90% which affect one third of merchants in Sao Paulo

A survey by the Brazilian Association of Shopping Tenants (Alshop), carried out between June 24th and 26th, found that sales dropped 90% which affects one third of merchants in the state of São Paulo due to the effects of the pandemic. The value obtained by sales was reduced by up to 80% for 41% of the retailers and by up to 70% for 24% of them.