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LOTEX: Bids must be submitted by January 30

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20 de novembro de 2018

LOTEX: Bids must be submitted by January 30

Photo: Caixa Agency

The Brazilian Bank of Economic and Social Development (BNDES) published  the new bid notice of Exclusive Instant Lottery (LOTEX), qualified in the Investment Partnerships Program (PPI) at the 1st Council Meeting.

The new public sale is scheduled for February 5th, at the headquarters of B3 (São Paulo). Bids must be submitted by January 30, from 10:00 a.m. to 1:00 p.m., also at B3.

The public agencies involved in the process are the Ministry of Finance, grantor and responsible for regulating the sector, and the BNDES, responsible for the development of studies and implementation of the bidding process for the concession. The term of the concession was defined by the Ministry of Finance in 15 years, and studies drawn up by the Bank have set a minimum grant value of R$ 542.1 million.

The positive impacts expected with this project are:
• The great potential of collection;
• The value of grants generated by the sale of the asset holding;
• The generation of employment and income for the population;
• The financing of social causes through onlending operations established in the legislation created for this modality of lottery.

Learn more – Part of the amount collected with federal lotteries is transferred, by legal determination, to social programs of the Federal Government. The funds are earmarked for education (Student Financing Fund for Higher Education), sports (Ministry of Sport, Brazilian Olympic Committee, Brazilian Paralympic Committee and soccer clubs), culture (National Fund for Culture), security (National Penitentiary Fund) and health (National Health Fund).

Source: PPI

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