Petrobras Needs Cash Injection of Up to $26 Billion, Maua Says

  • `Everyone knows' Petrobras needs capital at some point
  • Maua's Figueiredo says could be done by development bank BNDES

Brazil’s state-run oil producer Petrobras needs a capital injection of as much as 100 billion reais ($25.5 billion) to balance its finances, even if it takes three years to complete, said Luiz Fernando Figueiredo a former central bank director and Chief Executive Officer of Maua Capital.

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