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Brazil’s fresh start?

The country’s auction carnival appears to be breaking from the past, rather than making up for time The country’s auction carnival appears to be breaking from the past, rather than making up for time.
By The Wildcat 21 February 2013 0 5032
Nearly 300 concessions will be auctioned in Brazil's 11th bid round in May. (PA)

You wait five years for a Brazilian bid round, and four come along at once. Nearly 300 concessions go under the hammer in the country’s flagship 11th bid round in May, with the first unconventional and pre-salt tenders pencilled in for October and December. Throw in the possibility of a minnow feeding frenzy in 2013, and you have a bid round for almost every year that’s been missed.

However, the auction carnival is more about breaking with the past than making up for time. Crisis has...