BRASILIA (Reuters) - Brazilian state-controlled lender Banco do Brasil's (SA:BBAS3) Chief Executive Rubem Novaes on Tuesday predicted the bank was unlikely to be privatised even though he would favor such a move.
In an audience in Brazil's lower house to explain his previous comments supporting the bank's privatization, Novaes said such a move would be up to politicians and that President Jair Bolsonaro had already ruled it out.