Reflections on the State minority shareholding of an enterprise control block; the Fibria S/A case

Abstract

The relationship between state and private sector are coming true through public investment in the internationalization of national companies, with the role of development banks in this scenario. Active in countercyclical times both in privatization phases of the economy as nationalization, public banks lend or transformed into minority shareholders in private companies control blocks in various sectors of the economy. However, the lack of transparency as to the purposes of investments and the impact of public and private interests, incites discussion on the role of the state and the adequacy of domestic laws for the treatment of such challenges. It gets worse when we observe violations of human rights of people affected by economic activities of companies in which the state participates in the shareholding control block. This article presents reflections on the subject, analyzing the power sharing model if the company Fibria Celulose S/A.