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The board of Brazilian state-run oil giant Petrobras should decide whether or not extra dividends will be paid out near the end of the year, the firm s Chief Financial Sergio Caetano told Reuters. -October 24, 2023 at 03:20 pm EDT
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RIO DE JANEIRO (Reuters) - The board of Brazilian state-run oil giant Petrobras should decide whether or not extra dividends will be paid out near the.
RIO DE JANEIRO (Reuters) - The board of Brazilian state-run oil giant Petrobras should decide whether or not extra dividends will be paid out near the.
The board of Brazil's state-run oil company Petrobras voted to change its bylaws, the firm said on Monday, which two people with knowledge of the matter said would pave the way for politicians to occupy top positions at the company. The change, which is subject to shareholder approval, would reverse 2016 rules adopted when Brazil passed a law to curb political appointments at state firms following a huge corruption probe centered around Petrobras. Brazil's Supreme Court has yet to rule on that law's constitutionality, but an injunction issued by one of the court's judges in March lifted a restriction on the appointment of politicians who recently held office to positions as directors or board members.