Brazil opposition settling on presidential candidate as rival bows out

Aecio Neves, who has been elected as the new president of the Brazilian Social Democracy Party (PSDB), gestures as he speaks during the party's convention in Brasilia May 18, 2013. REUTERS/Ueslei Marcelino

SAO PAULO (Reuters) - Brazil's main opposition party moved closer to selecting a presidential nominee on Monday, after its candidate in the last election backed Senator Aecio Neves, former governor of Minas Gerais, the country's second-most populous state.

Jose Serra, a two-time presidential runner-up who took 44 percent of votes in the 2010 race against President Dilma Rousseff, said on his official Facebook page that the center-right PSDB should not lose time in nominating Neves.