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Brazil auctions Rio water concession for $4 bn in win for Bolsonaro

Brazil raked in a larger-than-expected $4 billion Friday auctioning the working rights to the Rio de Janeiro water and sewer system, a win for President Jair Bolsonaro and his privatization agenda.

The far-right chief attended the public sale in Sao Paulo, which garnered 22.7 billion reais — greater than double the minimal value — and got here after a authorized battle that almost noticed the concession sale canceled.

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