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Zema announces privatization of Petrobras and Banco do Brasil in economic plan

2 sources · 27 Apr 2026 · Share coverage ·

Former Minas Gerais governor Romeu Zema (Novo), a presidential pre-candidate, released a video on social media outlining an economic plan that includes privatizing Petrobras and Banco do Brasil. Zema criticized the Lula government's spending and proposed reducing the size of the state through privatizations and public spending cuts.

The privatization of Brazilian state-owned companies is a historical platform of parties like Novo, which advocates for reducing the state's role in the economy. Zema had previously defended the sale of state companies during his term as governor of Minas Gerais, successfully completing the privatization of Copasa.

1. What we know (4)

Zema announced a plan to privatize Petrobras and Banco do Brasil in a social media video

2 sources Brasil 247 Estado de Minas

Zema criticized the Lula government's spending, claiming it spends more than it collects

2 sources Brasil 247 Estado de Minas

The plan includes privatization of Correios and government stakes in private companies

2 sources Brasil 247 Estado de Minas

Zema ended the video with a reference to Enéas Carneiro's catchphrase

2 sources Brasil 247 Estado de Minas
2. Where coverage thins out (1)

Covered by only some sources, or where the accounts diverge.

Covered by only some sources (1)

Zema advocated for privatizations in Minas Gerais and privatized Copasa during his term

Reported by: Estado de Minas
Did not cover: Brasil 247
3. What we don't know yet

No gaps declared — all sources converge on the material facts.

All sources

2