Brazilian Economy Minister Plans to Privatise Petrobras within 10 Years

Brazil’s Minister of the Economy Paulo Guedes said this week the government of President Jair Bolsonaro will privatise state-controlled Petroleo Brasileiro SA, known informally as Petrobras, within a decade. (Petrobras is publicly traded, but the government owns the majority of its voting shares.) Guedes also advocates for privatisation of other state-owned companies, including Banco do Brasil.

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