Voting on Petrobras refineries privatisation postponed
Published by Nicholas Woodroof,
Editor
Hydrocarbon Engineering,
Initially, the Supreme Court had until Friday to rule on the matter.
Three justices on Brazil’s Supreme Court have voted against the sale of the refineries, in a setback for Petrobras, which is counting on asset sales to reduce its debt.
Despite these three votes against the privatisations, XP Inc’s analyst Debora Santos said in a note to clients that the Supreme Court is likely to support the assets sale, adding that last year most justices had adopted a more flexible position regarding privatisation of state-controlled companies’ assets.
Read the article online at: https://www.hydrocarbonengineering.com/refining/22092020/voting-on-petrobras-refineries-privatisation-postponed/
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