Brazil’s President Jair Bolsonaro speaks throughout a ceremony to announce new measures for Brasil Empreendedor (Entrepreneurial Brazil) credit score program on the Planalto Palace in Brasilia, Brazil May 25, 2022. REUTERS/Adriano Machado
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May 31 (Reuters) – Brazilian President Jair Bolsonaro on Tuesday floated the thought of splitting state-owned Petrobras (PETR4.SA) into varied items as a prelude to privatizing it.
Speaking in a taped interview, Bolsonaro additionally reiterated his opposition to its coverage of elevating gas costs consistent with worldwide market swings, arguing that the corporate was not fulfulling its “social function” as outlined within the nation’s structure.
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Reporting by Lisandra Paraguassu; Editing by Christian Plumb
Our Standards: The Thomson Reuters Trust Principles.
Brazil’s Bolsonaro says could split up Petrobras as prelude to privatization & More Latest News Update
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