Nerves of steel in Brazil
THE surprise about the privatisation of Companhia Vale do Rio Doce (CVRD), the world's largest iron-ore producer, was not that it was accompanied by violent clashes between police and demonstrators outside the Rio de Janeiro stock exchange. Nor that the sale was delayed for a week by more than 130 lawsuits, including one injunction granted by a small-town judge on the curious ground that the privatisation prospectus had not been published in English. Such things are routine for Brazilian privatisations.
This article appeared in the Business section of the print edition under the headline “Nerves of steel in Brazil”
From the May 10th 1997 edition
Discover stories from this section and more in the list of contents
Explore the editionDiscover more
Could seaweed replace plastic packaging?
Companies are experimenting with new ways to reduce plastic waste
Has Sequoia Capital outgrown its business model?
Venture capital’s hardiest perennial gets back to its roots
On stupid rules and quick wins
Why every boss can benefit from asking employees what most infuriates them
TikTok wants Western consumers to shop like the Chinese
It still has some convincing to do
Will the trouble ever end for Volkswagen and its rivals?
From strikes to Trump tariffs, calamities abound
After Northvolt’s failure, who will make Europe’s EV batteries?
The continent looks ever more reliant on Asian producers