Brazilian government to privatize companies, national parks and prisons | Chronic

The Brazilian government on Wednesday announced the privatization of nine public companies, including the post office, which is the largest logistics company in Latin America, and the port of Santos, the largest in the country.

The Chief of Staff announced it, Onyx Lorenzoniduring a press conference held in Plbadto's presidential palace, in which he also revealed his intention to transfer the administration of two national parks and some prisons to the private sector.

The official explained that the president's government Jair Bolsonaro resolved privatizations to use resources from investments in preschool and preschool education.

Besides the Post Office and the port of Santos, the government initiative includes the Telebras telephone company, the Dataprev and Serpro technology companies, the head of the stake in Emgea company, the Ceitec semiconductor factory and the logistics company Ceagesp.

In addition to the privatization of these eight companies, the government plans to sell the shares it holds in the Bank of Brazil and which exceed the minimum necessary to maintain control.

These privatizations are part of a wider program of "destabilizing" 17 companies, said Lorenzoni.

On the other hand, the official announced that the administration of several prisons and national parks of Lencois Maranhenses and Jericoacoara would be entrusted to the private sector.