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Brazil to let foreigners buy airlines, agricultural land

Published Tue, Jan 31, 2017 · 09:50 PM
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Brasilia

PRESIDENT Michel Temer will propose legislation to lift restrictions on foreign ownership of airlines and agricultural land in Brazil as he strives to pull the economy out of a two-year recession, government sources said on Monday.

Mr Temer's centre-right government plans to send Congress a bill allowing 100 per cent foreign ownership of airlines, though investors will be oblig…

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