May 30, 2017 / 10:27 PM / in 2 months

Brazil state lender Caixa to sell lottery unit by year end -CEO

1 Min Read

SAO PAULO, May 30 (Reuters) - Brazil's state lender Caixa Econômica Federal expects to sell its lottery licensing unit Caixa Instantânea SA by year-end, Chief Executive Officer Gilberto Occhi said on Tuesday.

Brazil´s government expects to sell the unit for around 2.2 billion reais ($675 million), according to estimates of the so-called National Privatization Plan. The bank has more than 13,000 lottery slots, many of which are operated by third-parties, across Brazil.

$1 = 3.2570 reais Reporting by Aluisio Alves; Writing by Tatiana Bautzer; editing by Diane Craft

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