DOM 5 DE MAYO DE 2024 - 12:27hs.
There’s no trip to Las Vegas and Europe

BNDES and SEAE dismiss O Globo information on travel related to LOTEX

Newspaper O Globo’s website published that a mission of the government of Brazilian President Michel Temer would travel in the first quarter of 2018 to Las Vegas and to Europe to seduce companies to invest in LOTEX. Asked by GMB, both the BNDES and SEAE - Secretariat of Economic Monitoring of the Ministry of Finance- denied this information and ensured that the road shows happened this year and will not be repeated.

The missions of the Brazilian government were produced during 2017 with meetings in Las Vegas, London and Rio de Janeiro where officials and technicians gave presentations and answered questions of companies interested in granting the instant lottery.

"The bank has no scheduled trips to LOTEX. There will be no events," GMB’ sources at the BNDES point out.

SEAE also stated that there is no scheduled trip to 2018 related to LOTEX. The only event that is confirmed is a conference in São Paulo after the publication of the edict, which is expected to take place between the end of December and the beginning of January, to clear questions from those interested about the process.

In fact, the opinion of the interested parties motivated the change in some aspects of the bidding, as the concession term that happened to be of 15 years and not of 25 years as in the original proposal. The O Globo note also cites this information.

Source: GMB