November 1, 2018 / 8:35 PM / 10 months ago

Brazil's Bolsonaro says Petrobras should look for partnerships

RIO DE JANEIRO (Reuters) - Brazil’s far-right president-elect Jair Bolsonaro said on Thursday that debt-ridden state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) is not in the position to afford new investments and will need to look for partnerships.

Bolsonaro also said that a proposed deal between Embraer SA (EMBR3.SA) and Boeing Co (BA.N) that requires the Brazilian government’s nod is “going through,” without elaborating.

Reporting by Gabriel Stargardter; editing by Grant McCool

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