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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.935

-1.1%

12:59 PM EST

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To: wl9839 who wrote (15222)	5/11/1999 5:06:00 PM
From: wl9839	Read Replies (1) of 22640

Direct investments seen reaching US$ 23bn this year São Paulo, 11 - Recent estimates point to direct investments related to the federal government's privatization programs reaching US$8.7bn, Roberto Padovani of the Tendências consultancy company said today. Main companies to privatized this year are in the financial and energy generation and distribution sectors. According to the economist, the improvement in the domestic economic scenario should also boost investments not related to privatization programs, which should be lured by the country's good quality institutions and market potential. Padovani further stated that, even in a more conservative scenario, in which the inflow of resources remains at last year's levels, direct investments should reach close to US$14bn this year. Therefore, he added, "it is more than reasonable to think that privatization-related investments as well as those coming from other sources should amount to US$23bn this year". (By Marcos Viesi) Copyright © 1996 Agência Estado. All Rights Reserved.

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