Brazil’s postal service, Correios do Brasil is this week expected to make an official proposal to the Portuguese government to buy the Portuguese postal service, CTT, the Brazilian press reported.
According to Brazilian newspaper, Folha de S. Paulo, Correios do Brasil is interested in the Portuguese company, which is due to be sold by the end of the year.
One of the models for acquisition of CTT includes a partnership with the Bank of Brazil to set up a postal bank in Portugal.
In May the chairman of Empresa Brasileira de Correios e Telégrafos (ETC), Wagner Pinheiro de Oliveira said that Correios do Brasil planned to boost partnerships with counterparts in Portuguese-speaking countries, particularly with Portugal’s CTT. (macauhub)
Related News:
- Mozambican central bank authorizes postal service to reopen its bank
- Portuguese postal service looks for partner in Angola to implement Payshop system
- Mozambican mail company Correios de Moçambique to open postal bank
- Portugal’s Postal service, CTT; to invest 2 million euros in Angola and Mozambique
- Bank of Brazil and Angola’s BIC interested in buying Portugal’s BPN
Agricultural investments of US$3.8 billion expected to drive growth of Mozambican economy 
Macau Pataca Converter
Follow Us!