SAO PAULO — Petroleo Brasileiro SA’s desired shares
PETR4,
fell 4% immediately after Brazil’s new president taken out the oil firm, identified as Petrobras, from a checklist of condition-controlled corporations slated for privatization.
The shares arrived at 23.51 reais Monday morning, the equal of $4.40, right after declining 14% all through 2022. Brazil’s benchmark Ibovespa stocks index was down 2.2% in early investing.
Luiz Inacio Lula da Silva was sworn in as Brazil’s president on Jan. 1. A single of the first official functions by the left-wing politician, who was president of the state from 2003 by way of 2010, was to remove Petrobras and the country’s postal support from the record of condition asset gross sales.
SAO PAULO — Petroleo Brasileiro SA’s desired shares
PETR4,
fell 4% immediately after Brazil’s new president taken out the oil firm, identified as Petrobras, from a checklist of condition-controlled corporations slated for privatization.
The shares arrived at 23.51 reais Monday morning, the equal of $4.40, right after declining 14% all through 2022. Brazil’s benchmark Ibovespa stocks index was down 2.2% in early investing.
Luiz Inacio Lula da Silva was sworn in as Brazil’s president on Jan. 1. A single of the first official functions by the left-wing politician, who was president of the state from 2003 by way of 2010, was to remove Petrobras and the country’s postal support from the record of condition asset gross sales.
