About to complete 100 days of management, President Luiz Inácio Lula da Silva determined the withdrawal of 10 federal public companies from privatization programs. The decree was published in an extra edition of the Official Gazette this Thursday (6), and includes state-owned companies such as Correios, Empresa Brasil de Comunicação (EBC), Social Security Technology and Information Company (Dataprev) and Service Federal Data Processing Office (Serpro).
The withdrawal of these companies from privatization programs was a campaign promise by the president and was already foreseen in the transition team’s report for the first months of government. State-owned companies were definitively withdrawn from the National Privatization Program (PND) and also from the government’s Partnerships and Investments Program (PPI), the latter a previous step that qualifies the privatization modeling of public companies.
Public companies excluded from the PND:
– Brazilian Postal and Telegraph Company (ECT)
– Brazil Communication Company (EBC)
– Social Security Technology and Information Company (Dataprev)
– Nuclebrás Equipamentos Pesados SA (Nuclep)
– Federal Data Processing Service (Serpro)
– Brazilian Agency for the Management of Guarantor Funds and Guarantees SA (ABGF)
– National Center for Advanced Electronic Technology SA (Ceitec)
Revocation of qualification by PPI:
– Warehouses and properties of the National Supply Company (Conab)
– Brazilian Company of Petroleum and Natural Gas Administration SA (PPSA)
– Telecomunicações Brasileiras SA (Telebras)
In January, an order from the president had already determined studies for the review of privatizations, which are now being consolidated in the form of a decree. Some state-owned companies, such as Correios, had already had their privatization approved by the Chamber of Deputies, and it was still awaiting the Senate.
