Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.517

-9.2%

Dec 29 3:59 PM EST

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To: Madharry who wrote (617)	12/29/1997 6:17:00 PM
From: Steve Fancy	Read Replies (3) of 22640

Hi Armin, do you or anyone know who BNDS is... RIO DE JANEIRO, Dec 29 (Reuters) - Brazil's National Development Bank (BNDES) said it expected to select advisers on the privatization of the (TEL_p.SA)(NYSE:TBR - news) telecommunications system by mid-February. Is this bank owned by the government? The reason I ask is I have been trying to determine if the Brazilian government sold that 300 million of 132 real puts a couple months back on their own company. Also, is it your understanding that February was the timeframe for selecting these advisors? Thanks for the tip on UBB...will check it out. Thanks. sf

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