Mensajepor hipotecado » Lun Jul 18, 2016 12:13 pm
Brazil has no plans to privatize Petrobras, CEO says
Jul 18 2016, 10:35 ET | About: Petrobras - Petroleo Brasil... (PBR) | By: Carl Surran, SA News Editor Contact this editor with comments or a news tip
The Brazilian government has no plans to privatize Petrobras (PBR +0.5%) and is still deciding whether to sell its controlling share in several units to shore up its finances, CEO Pedro Parente says."I don't believe Brazilian society is mature enough to even discuss privatization," says Parente, who assumed leadership at the company in May.Parente also acknowledges that PBR still has $14B in assets to sell this year after delays in its divestment program, but he says management will stick to the sale target for the year.