Sea Platforms

Brazil declares its intention to privatise NUCLEP

05 February 2020

The Brazilian federal government is seeking to sell the company Nuclebrás Equipamentos Pesados (NUCLEP) as part of a wider programme to raise an estimated USD323 billion over the next few years through auctions of licences to operate infrastructure, and also through the privatisation of state-owned firms.

The privatisation of NUCLEP is scheduled to take place in the first half of 2020 by the Investment Partnership Program Council of the Ministry of Economy.

The intention to privatise NUCLEP was confirmed at the National Congress on 3 February by Brazilian President Jair Messias Bolsonaro.

No details were provided on the privatisation model and extension to be established.

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