By Jeb Blount n nRIO DE JANEIRO, Aug 31 (Reuters) – Brazilian oil company Petroleo Brasileiro SA stated on Wednesday it will certainly invest 10.5 million reais ($ 3.25 million) to purchase advertising and marketing civil liberties to the economically struggling Rio de Janeiro Paralympic Gamings. n nThe choice enables Petrobras, as the state-controlled firm is understood, to come to be a main enroller of the occasion concerning a week before it is established to start on Sept. 7. Petrobras joins firms such as Toyota Electric motor Co, BP Plc, Visa and also Samsung in getting marketing advantages for monetary assistance. n nReuters reported on Aug. 18 that Petrobras wanted to buy marketing rights valued in the “reduced millions” of dollars in order to help the Paralympics. n nThe Games, which feature athletes with physical as well as mental handicaps, was compelled making spending plan cuts as the city and also state of Rio de Janeiro, stuck in a major Brazilian economic crisis, had a hard time to pay the 40 billion reais ($ 12.4 billion) price for the 2016 Olympics as well as Paralympics. n nPetrobras’ cash brings 205 million reais ($ 92 million) in extra funds Gamings organizers can draw on, claimed Mario Andrada the video games interaction director on a teleconference on Wednesday. n nThe bulk, 150 million reais, is from the City of Rio de Janeiro. The rest, 55 million reais is from Petrobras, the lottery system of Caixa Economica Federal, a Brazilian government bank, as well as Apex, Brazil’s Profession and Investment Promotion Company. n nPetrobras, which is facing financial problems of its own and also has debt of nearly $125 billion, was among a number of state-owned or regulated companies asked by the government to assist fulfill the Paralympic deficiency. n nPetrobras’ cash will certainly come from its existing 98 million real sports budget for 2016. n nThe sponsorship offer will certainly permit Petrobras to run promotions on TV, radio and also social media pointing out the Games and showcasing “Team Petrobras” professional athletes it is funding for the Paralympics throughout the Games themselves, the company said in a declaration. n nPetrobras will also have the ability to present its logo design at Paralympic places, established up a stand in the Olympic Park as well as have its name pointed out in an opening ceremony video clip, legal rights typically reserved for sponsors that joined lengthy ago. n nWithout brand-new funds, the Rio 2016 arranging board would not be able to pay national Paralympic bodies for travel, food and attires, preventing some nations from contending, a court, who reversed an injunction restricting making use of new public cash for the Gamings, stated previously in August. n n($ 1 = 3.23 Brazilian reais) (Reporting by Jeb Blount; Editing by Leslie Adler, Bernard Orr).
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