Brazil­ian re­tail bil­lion­aire Rocha drops out of pres­i­den­tial race

Stabroek News - - REGIONAL NEWS -

RIO DE JANEIRO, (Reuters) - Bil­lion­aire Flavio Rocha dropped his bid to be­come pres­i­dent of Brazil yes­ter­day as ri­val cen­tre-right par­ties seek to draw his Brazil­ian Repub­li­can Party (PRB) into an al­liance for the Oc­to­ber elec­tions.

The race re­mains Brazil’s most frag­mented in decades with dozens of par­ties jock­ey­ing to forge al­liances to de­cide who will be of­fi­cially named as can­di­dates at con­ven­tions at the end of July.

Rocha, who stepped away from head­ing cloth­ing maker Guarara­pes Con­fec­coes SA and re­tail­ing unit Lo­jas Ri­achuelo to cam­paign, gar­nered only 1 per­cent of voter in­ten­tions in an opin­ion poll in June.

Rocha’s 1 per­cent was matched by former Finance Min­is­ter Hen­rique Meirelles, the can­di­date of Pres­i­dent Michel Te­mer’s rul­ing Brazil­ian Demo­cratic Move­ment (MDB), and trailed former Sao Paulo Gover­nor Ger­aldo Al­ck­min, stan­dard-bearer for the Brazil­ian So­cial Democ­racy Party (PSDB), with 4-6 per­cent.

Both mod­er­ate par­ties said they would seek to strike an al­liance with Rocha’s PRB, which has 21 con­gres­sional deputies and two sen­a­tors. Fol­low­ing Rocha’s with­drawal, the PRB called for mod­er­ate par­ties to join forces.

Newspapers in English

Newspapers from Guyana

© PressReader. All rights reserved.