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11-Jan-2011 11:00 AM

Infraero needs two years to prepare for IPO

Brazil’s Finance Ministry stated Infraero needs approximately two years to prepare for an initial share offering that could improve air travel ahead of the 2014 World Cup and 2016 Olympics (Bloomberg, 10-Jan-2011). The government may sell shares in the company as it seeks to expand air travel services ahead of the major sporting events.