Categories: Business

Petrobras shares close higher after Prates denies intervention

Petrobras shares close higher after Prates denies intervention

Petrobras shares, which fell more than 1% earlier, after the resignation of Caio Paes de Andrade as president of the company, advanced this afternoon.

Preferences (PN) appreciated by 3.18% and common (ON) by 1.67%.

The government nominee to head the state-owned company, Jean-Paul Prates, said this Wednesday, during Geraldo Alckmin’s inauguration ceremony at the Ministry of Development, Industry, Commerce and Services (MDIC), that there would be no change in the company’s pricing policy. oil company, as well as direct intervention in the market.

With the early departure of Caio Paes de Andrade, production executive director João Henrique Rittershaussen was chosen to lead Petrobras on an interim basis until the election and inauguration of the new CEO.

On Tuesday (3), the Ministry of Mines and Energy sent a statement to Petrobras’ Board of Directors confirming that Senator Jean Paul Prates will be appointed to take over the company’s command.

The senator had already been nominated by Lula as the company’s next president since the end of last year, which displeased investors.

Prates, who withdrew from running for re-election in the Senate, has already positioned himself against the privatization of the company and has also questioned Petrobras’ current pricing policy, which is currently in line with international market practices.

Source: CNN Brasil