The plenary of the STF decided this Friday, June 07th, to waive legislative endorsement and bidding for the sale of subsidiary companies and mixed economists.
The decision applies to companies that belong to energy holdings such as Petrobras and Eletrobras. They are not valid, however, for the holding companies themselves, which – by decision – need authorization from the National Congress to be sold. The main affect in the decision of the STF is Petrobras. The company has sold and intends to sell some of its most important subsidiaries. A contrary decision by the STF could delay or even prevent – depending on the decision of deputies and senators – the sale of some companies.
Ibovespa surges after STF decision on sale of state-owned companies
The main indicator of the São Paulo stock exchange, the B3, closed higher this Friday, the 7th, after rising more than 1% the day before, favored by the positive bias abroad and the favorable impact of the STF decision that dispenses with prior approval from the National Congress for the sale of shareholding control of state-owned subsidiaries.
The Ibovespa ended the session up 0,63%, at 97.821 points. Petrobras advanced by almost 2,72%, with the market evaluating that the STF's decision represents an important safeguard for the continuity of the state's divestment program. Estácio led the highs of the day, with an increase of 7,44%.
Check below the companies that Petrobras can sell
- Petrobras Distribuidora
- Petrobras Biofuel
- Liquigas
- Breitener Energética, UTEs
- Logum Logística SA
- Petrobras Logística de Gas SA and TBG
See the complete list of Petrobras' shareholdings
epbr
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