July 19, 2018 / 12:30 PM / 5 months ago

Brazil presidential candidate Alckmin wants to sell more Petrobras assets -report

SAO PAULO, July 19 (Reuters) - Brazil’s centrist Social Democratic Party (PSDB) presidential candidate Geraldo Alckmin on Thursday said that he intends to put more assets of state-controlled oil company Petroleo Brasileiro SA up for sale if elected.

Alckmin told newspaper Valor Econômico that Petrobras, as the company is known, should concentrate its activities in the pre-salt layer and sell its distribution and gas units, as well as its mature oil fields.

This month, Petrobras suspended major asset sales after a Supreme Court justice ruled that Congress must approve privatizations.

Reporting by Carolina Mandl

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