Society

Brazilian development bank selects consortium to study privatization of the postal service

Postar, which presented the lowest price for the study, will indicate partnership alternatives with the private sector to manage Correios

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  • Postar, the chosen consortium, is formed by Accenture do Brasil and and law firm Machado, Meyer, Sendacz, Opice and Falcão Advogados;
  • Along with Eletrobras, an electricity utility and PPSA, a manager of oil contracts, the postal firm was appointed last week as a priority in the privatization program. 

Brazil’s National Bank for Economic and Social Development (BNDES) informed on Saturday that it chose Postar consortium, formed by Accenture do Brasil and and law firm Machado, Meyer, Sendacz, Opice and Falcão Advogados, to carry out studies for the privatization of the country’s postal service, currently provided by Empresa Brasileira de Correios e Telégrafos (ECT), known as Correios.

In a press release, BNDES said it approved the consortium on Thursday as the winner of its selection process, which included eight other participants.

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Postar, which presented the lowest price, of BRL 7.89 million ($1.4 million), will be responsible for indicating partnership alternatives with the private sector to manage the postal service in Brazil.

“The selected consortium will carry out the studies that will indicate the privatization alternatives for the postal sector and support the government’s decision,” said BNDES.

Coordination will be in charge of the development bank, with the supervision of the Interministerial Committee instituted by decree that included Correios in the Investment Partnerships Program (PPI).

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Earlier this week, PPI special secretary, Martha Seillier, said that the government will forward to Congress “in the coming weeks” a bill regulating the private provision of postal services, whose approval is a necessary step towards the privatization of Correios.

Along with Eletrobras, an electricity utility, and PPSA, a manager of oil contracts, the postal firm was appointed last week as a priority in the privatization program by the Minister of Economy, Paulo Guedes.