Caio Paes de Andrade takes office this Tuesday (28) as the new president of the Petrobras , after approval by the state-owned company’s Board of Directors by 7 votes to 3 the previous day. According to analysts at CNN Paes de Andrade has shown that he will change company directors.
After confirming the approval of the government nominee, Petrobras shares closed up nearly 7% on Monday (27). The result reflected the reception of the election of Paes de Andrade, as well as the positive context in the market, with generalized appreciation of securities linked to commodities. The analysts of CNN also highlighted that Petrobras shares are heavily discounted.
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*Posted by Fabricio Julião
Source: CNN Brasil
