The president Jair Bolsonaro once again showed confidence that it will be able to change the composition of the Petrobras (PETR4), attacked by the government after the readjustments of the fuels in an election year. “We are on our way to resolving the Petrobras thing,” he said in a live broadcast on the social networkswithout offering details about the future of the state-owned company.
Bolsonaro nominated Caio Paes de Andrade, secretary of the Ministry of Economyto assume the presidency of Petrobras, but the appointment is on hold.
O Planalto Palace and the president of the Chamber, Arthur Lira (PP-AL)negotiate the ownership of Paes de Andrade as soon as possible.
Also during the live, Bolsonaro again said that Petrobras has R$ 200 billion in profit reserves to distribute to shareholders, which has already been denied by the state-owned company.
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Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
