Brazil's Petrobras to pay $3.25 million to aid troubled Games

The Brazil's state-run Petrobras oil company headquarters is pictured in Rio de Janeiro, Brazil, January 28, 2016. REUTERS/Sergio Moraes

RIO DE JANEIRO (Reuters) - Brazilian oil company Petroleo Brasileiro SA said on Wednesday it will spend 10.5 million reais ($3.25 million/£2.4 million) to buy marketing rights to the financially troubled Rio de Janeiro Paralympic Games.

The decision allows Petrobras, as the state-controlled company is known, to become an official sponsor of the event about a week before it is set to begin on Sept. 7. Petrobras joins companies such as Toyota Motor Co <7203.T>, BP Plc , Visa and Samsung <005930.KS> in getting marketing benefits in exchange for financial support.