The proposed privatisation of Empresa Brasileira de Correios e Telégrafos S.A. has attracted the interest of United Parcel Service, Inc. (NYSE:UPS), which discussed the situation with Paulo Guedes, Brazil's Economy Ministry, during the World Economic Forum taking place in Davos, Switzerland. According to sources, UPS would be interested in developing Correios' export capacity for small to medium sized companies. Other entities that are reportedly interested include FedEx Corporation (NYSE:FDX), Amazon.com, Inc. (NasdaqGS:AMZN) and Alibaba Group Holding Limited (NYSE:BABA).

The sale of Correios is expected to take place no later than 2021.