Brazil lower chamber votes to privatize postal service
05/08/2021 20:42
BRASILIA, Aug 5 (Reuters) - The lower house of Brazil's
Congress passed a bill on Thursday to privatize the country's
postal service, a victory for the free-market agenda of Economy
Minister Paulo Guedes.
The chamber approved the basic text of the bill by 286 votes
for to 173 against, with minor amendments still to be voted on
before it advances to the Senate.
The company that will buy the postal service, known as
Correios, will have at least five years of exclusive rights to
Brazil's mail system without competition, according to the bill.
It also establishes job security for 18 months for the
employees of the state-run postal service after it is sold.
(Reporting by Anthony Boadle; Editing by David Gregorio)
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