Brazil's Guedes sees Petrobras, Banco do Brasil privatized in 10 years

BRASILIA, Sept 27 (Reuters) - Brazil's Economy Minister Paulo Guedes on Monday said that ambitious privatizations should advance in the next ten years, including the sale of state-run oil company Petrobras PETR4.SA and lender Banco do Brasil BBAS3.SA to private investors.

However, Guedes said during an online event hosted by the International Chamber of Commerce that privatizations rely heavily on political agreements. Bolsonaro has said he opposes the privatization of those two huge state-controlled companies.

Guedes also criticized the polarized climate in Brazil ahead of the 2022 presidential election: "There's an election every four years... You can't try to hold the election in the middle of a pandemic," he said. "We're in the middle of a pandemic and people are climbing up on cadavers to do their politics."
Reporting by Marcela Ayres Writing by Carolina Mandl Editing by Brad Haynes

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