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Haddad Says Any Correios Rescue Hinges on Restructuring, With Possible Injection Below R$6 Billion

The Treasury weighs a smaller, conditional cash injection following stalled bank loan talks over interest costs.

Overview

  • Haddad confirmed the Treasury is leading a recovery plan for Correios and said all actions depend on its approval.
  • He stated a potential Treasury aporte has not been decided and would be for less than R$6 billion.
  • He indicated a supplementary credit bill to Congress could be used to enable part of the support this year without extraordinary credit.
  • Correios management is seeking roughly R$5–6 billion by December 16 to cover payroll, 13th salaries and suppliers during a liquidity crunch.
  • Negotiations for a R$20 billion, Treasury‑guaranteed loan are stalled, with the Tesouro rejecting bank proposals near 136% of the CDI after signaling a cap of 120%.