Correios receives R$10 billion in loans

by Marcelo Moreira

After the Attorney General’s Office of the National Treasury (PGFN) published, this Tuesday (30), the guarantee contract signed between the Union and the consortium of banks formed to grant a loan of R$12 billion with the aim of helping the financial situation of Correios.

The state-owned company received the transfer of R$10 billion that was already scheduled for this month, beginning the release of the resources agreed in the operation.

The company is still seeking to raise an additional R$8 billion to complete the action plan aimed at recovering its economic and financial situation. In January, another R$2 billion is expected to be deposited into the state-owned company’s accounts.

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