15 de enero de 2016 / 17:43 / en 2 años

Petrobras CFO says government bailout would only be "last resort"

RIO DE JANEIRO, Jan 15 (Reuters) - Brazil’s Petroleo Brasileiro SA will only seek new capital from the Brazilian government as a last resort and that no such bailout is under consideration for the heavily indebted state-led oil company, Chief Financial Officer Ivan Monteiro told reporters on Friday.

Petrobras, as the company is known, understands the challenge of selling $15 billion of assets to reduce debt and limit new investment cuts, but is confident the company will reach its goal by year-end, Monteiro said.

He added that he does not believe a possible initial public sale of stock by Saudi Arabia’s Aramco will reduce demand for Petrobras assets. (Reporting by Jeb Blount)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below