BNDES will sell R$ 38.8 billion in shares in 2020; Petrobras (PETR3; PETR4), JBS (JBSS3). and Copel (CPLE6) are among the shares that will be sold

BNDES has set an initial schedule for the next four equity offerings it will make in 2020, as part of its divestment program, according to the Valor Econômico newspaper. The plan is to sell JBS 'second tranche of shares, a relevant stake in Petrobras, Copel's and Tupy's, which, considering current values, represent sales of R$ 30.8 billion.

According to Valor, the idea of BNDES is to reduce its portfolio of about R$ 120 billion of investments and stakes, reaching the nearest zero in the next three years.