Brazilian Development Bank to hold public hearing on sales of SPA shares

The Brazilian Development Bank (BNDES) will hold, on September 6, a virtual public hearing to present the terms in which interested parties may acquire shares of Santos Port Authority (SPA), including current employees and retired staff. This stage is part of the privatization process led by the federal government.

The public development bank is the entity in charge of giving shape to the process and is responsible for keeping hold of SPA’s shares from the moment it enters the National Privatization Program (PND).

The auction statute will also be presented at the hearing, including for employees and retirees.

The results of the studies conducted by the consortium hired by BNDES to develop the privatization model, as well as the primary requirements agreed by the Partnership and Investment Program Council (CPPI) within the scope of privatization, will also be presented.

The public hearing will be held at 9:30 am. The links to participating in the event and other information relevant to the SPA privatization process, including the Public Hearing Regulation, will be available on the BNDES website.

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