Brazil sells dam operating licenses for $3.8 billion to foreign bidders

Brazil’s government on Wednesday sold licenses to operate four hydroelectric dams for a total of $3.80 billion in an auction won by Chinese and European bidders, including France’s Engie and Italy’s Enel. The amount raised is 10.1 percent above the minimum asking price the government had set. Reuters reports. Exxon Mobil bets on Brazil, buys […]