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Headline: Brazil – The rights and wrongs of government Source: Euromoney Date: March 2000 Author: Brian Caplen Minority investors get a raw deal in Brazil. Usually their shares do not have votes and they lose out in battles with the controllers. One fund manager says minorities in Brazil “don’t have rights, only obligations”. The government made things worse just so it could sell privatization assets at higher prices. But now reform is on its way. With privatization half-finished the government is the country’s largest minority shareholder. |
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