Meet The Petrobras Companies Cleared For Sale By The Supreme Federal Court.

Written by Paulo Nogueira

Published on 10/06/2019 at 01:00

Updated on 08/06/2019 at 15:15

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The STF Plenary Decided This Friday, June 7, to Waive Legislative Approval and Bidding for the Sale of Subsidiary Companies and Mixed Economies.

The decision applies to companies belonging to energy holdings such as Petrobras and Eletrobras. However, it does not apply to the holdings themselves, which – according to the decision – need authorization from the National Congress to be sold. The main affected party in the STF’s decision is Petrobras. The company has sold and intends to sell some of its most important subsidiaries. A contrary decision from the STF could delay or even prevent – depending on the decision of deputies and senators – the sale of some companies.

Ibovespa Operates Up After STF Decision on State-Owned Enterprise Sales

The main indicator of the São Paulo stock exchange, B3, closed up this Friday, 7, after rising more than 1% the day before, favored by positive sentiment abroad and favorable repercussions of the STF decision that waives prior approval from the National Congress for the sale of controlling shares in subsidiaries of state-owned companies.

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Ibovespa ended the trading session up 0.63%, at 97,821 points. Petrobras advanced almost 2.72%, with the market assessing that the STF decision represents an important safeguard for the continuity of the state-owned company’s divestment program. Estácio led the day’s gains, rising 7.44%.

Check Below the Companies That Petrobras May Sell

Petrobras Distribuidora
Petrobras Biocombustível
Liquigás
Breitener Energética, UTEs
Logum Logística SA
Petrobras Logística de Gás S.A. and TBG

See the Complete List of Petrobras’s Shareholdings

by epbr

Meet The Petrobras Companies Cleared For Sale By The Supreme Federal Court.

The STF Plenary Decided This Friday, June 7, to Waive Legislative Approval and Bidding for the Sale of Subsidiary Companies and Mixed Economies.

Ibovespa Operates Up After STF Decision on State-Owned Enterprise Sales

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Check Below the Companies That Petrobras May Sell

See the Complete List of Petrobras’s Shareholdings

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Meet The Petrobras Companies Cleared For Sale By The Supreme Federal Court.

The STF Plenary Decided This Friday, June 7, to Waive Legislative Approval and Bidding for the Sale of Subsidiary Companies and Mixed Economies.

Ibovespa Operates Up After STF Decision on State-Owned Enterprise Sales

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Check Below the Companies That Petrobras May Sell

See the Complete List of Petrobras’s Shareholdings

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Maritime geopolitics: China and the USA compete for strategic ports in Peru.

Goodbye expensive popular car: electric vehicle for less than R$ 70,000 starts being sold in Brazil with a range of 200 km and targets those looking to escape gasoline.

With an investment of R$ 612 million, a capacity to process 1.2 million liters of milk per day, Piracanjuba inaugurates a mega cheese factory that increases national production, reduces dependence on imports, and repositions Brazil on the global dairy map.

You buy the refrigerator and still have to see ads: Samsung starts displaying advertising on appliances and generates negative reactions among consumers.

Archaeologists discover a 100-meter ship graveyard in a submerged Greek city, and what has appeared on the seabed of Libya could change what was known about this ancient port.

With 22 thousand tons of steel, a height nearly three times greater than the Eiffel Tower, and a cost of R$ 1.6 billion, China is building the highest bridge on the planet over a colossal canyon, reducing a crossing time of over 2 hours to just over 2 minutes.

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