Governor Zema proposes breaking up Petrobras, Banco do Brasil, and BNDES for privatization

Romeu Zema, Governor of Minas Gerais, has publicly stated his intent to fragment state-owned giants Petrobras, Banco do Brasil, and BNDES to facilitate their privatization. The proposal faces significant legal and political hurdles, as these entities are federal assets, not state-level, making the feasibility of his plan highly uncertain.