November 14, 2018 / 11:11 AM / a month ago

Blackrock reports ownership of 5 percent of Petrobras' preferred shares

FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo

SAO PAULO (Reuters) - Blackrock Inc (BLK.N) has reported owning 5 percent of preferential shares in Petroleo Brasileiro SA (PETR4.SA), the state-run oil company said in a statement on Wednesday.

Blackrock has no intention of interfering with the “management structure” of Petrobras, the company said, citing communications with the New York investment firm.

Reporting by Gram Slattery; Editing by Toby Chopra

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