February 26, 2019 / 7:31 PM / 25 days ago

Brazil's Sao Paulo state hopes to sell $1.1 bln in assets

SAO PAULO, Feb 26 (Reuters) - Brazil’s Sao Paulo state hopes to sell at least 4 billion reais ($1.07 billion) in state assets as it aims to shore up government finances, state Finance Minister Henrique Meirelles said on Tuesday.

Meirelles, formerly the federal government’s finance minister under ex-President Michel Temer, said that the most obvious targets for sale include water utility company Cia de Saneamento Basico do Estado de Sao Paulo (Sabesp), prisons and roadway concessions. ($1 = 3.7551 reais) (Reporting by Gabriela Mello; editing by Grant McCool)

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