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    Bolsonaro: He is on his way to solving the Petrobras thing

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    Bolsonaro again said that Petrobras has BRL 200 billion in profit reserves to distribute to shareholders (Image: Fernando Frazão/Agência Brasil)

    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.

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    Bolsonaro nominated Caio Paes de Andrade, secretary of the Ministry of Economyto assume the presidency of Petrobras, but the appointment is on hold.

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    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

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