São Paulo finds no takers for convention center

São Paulo finds no takers for convention center

M&A Regulation Politics Brazil

The São Paulo city government said it did not receive any bids to buy the Anhembi complex in the northern part of the city. The city announced the auction in July and opened the bidding to local and foreign firms as well as financial institutions and investment funds. The municipal audit court, or TCM, had put the minimum bid at BRL1.45bn ($363m) in June. Now the city government could review its plans to sell the site with the TCM, the city's tourism agency, São Paulo Turismo (SPTuris), said i

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