Petrobras shares (PETR4) opened this Thursday’s session (4) on a high, helping to boost the Ibovespa, but turned to fall at the end of the morning, with increasing rumors about the change of the company’s CEO, Jean Paul Prates.
At around 12 pm, the company’s shares were trading with a drop of 1.28%, quoted at R$37.93.
The departure of Jean Paul Prates from the presidency of Petrobras is “imminent”, the news channel published this Thursday CNN Brazilciting sources, adding that the president of BNDES, Aloizio Mercadante, is considered for the position.
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A GloboNews also published that the president of BNDES is being considered for the position. The news caused a turnaround in Petrobras shares, which reversed their rise and began to decline at 11:36 am.
Earlier, the newspaper Folha de S.Paulo published that Prates requested an audience with President Luiz Inácio Lula da Silva to talk about attacks on him carried out by people from his own government, intending to put an end to the situation.
But things changed…
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Just after 12pm, the newspaper The globe stated that Lula’s ministers sealed an agreement for the payment of extra dividends from Petrobras. This caused the shares to soar, approaching R$40.
Between the minimum and maximum, this morning, the Petrobras shares jumped almost 5%.
At the end of the day, however, they ended with a drop of 1.41%, quoted at R$37.88.
Change of CEO at Petrobras
Jean Paul Prates’ fry comes since the government decided not to pay extraordinary dividends. Since then, ministers have been criticizing the company’s CEO, including those of Mines and Energy, Alexandre Silvera, and Casa Civil, Rui Costa.
Yesterday, Costa stated that he denied that the government had intervened in Petrobras. According to a technical opinion, it points out that, at the moment, “it would be an excess of risk appetite to distribute extraordinary dividends.”
According to the column Leaf Panelamong other names considered, would be Bruno Moretti, current special secretary for government analysis of the presidency, linked to Rui Costa, and Magda Chambriard, who already worked at the state-owned company, before becoming president of the ANP.
(Com Reuters)