Lotex is included in Brazil’s National Privatization Program

Lotex is included in Brazil’s National Privatization Program

The National Economic and Social Development Bank (BNDES) is responsible for carrying out all the necessary actions to achieve the privatization of Lotex’s public service in Brazil. It will be the responsibility of the bank to hire the institution responsible for conducting the auction, to call a public hearing, and to appoint the bidding committee, examine legal regularity and publish the public notice.

The federal government included the Exclusive Instant Lottery (Lotex) in the National Privatization Program (PND). The National Economic and Social Development Bank (BNDES) is “responsible for carrying out all the acts necessary to achieve the privatization of Lotex’s public service”.

According to the decree, it will be the responsibility of the development bank “to hire an institution responsible for conducting an auction”, “the convocation of a public hearing”, “publication of a public consultation”, and to appoint the bid committee, of the minutes and publish the tender notice.

The BNDES must also “provide information regarding the privatization process, including to meet requests from the Council of the Program of Investment Partnerships of the Presidency of the Republic and other competent bodies” and “prepare the documentation of the privatization process, for consideration by the Court of the Union Accounts (TCU).”

The Ministry of Finance, in turn, will be “responsible for coordinating and monitoring the procedures and stages of the privatization process”.

Source :- Lotex is included in Brazil’s National Privatization Program