7 de julio de 2014 / 21:14 / en 3 años

STXNEWS LATAM-Brazil state-run post office creates investment holding company

The board of Empresa Brasileira de Correios e Telégrafos SA, Brazil’s state-run post office commonly known as Correios, on Monday created an investment holding company to oversee its interests in firms outside its core business, according to a statement.

Some of those business ventures include the administration of a minority stake in Rio Linhas Aéreas SA, and creation of an information technology company to generate digital communications solutions with Valid Soluções SA and another for mobile telephony in a joint venture with Italy’s Poste Mobile SpA, among others.

The name of the investment holding company will be CorreiosPar, which will also manage a financial services venture with state-run Banco do Brasil SA, the nation’s largest bank by assets, the statement added. Correios will control 100 percent of CorreiosPar, according to the statement. (Editing by David Gregorio)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below