Interference in Petrobras causes state-owned company to decline 21%

The appointment of reserve general Joaquim Silva e Luna to the presidency of Petrobras and the statements of President Jair Bolsonaro that more interference in state companies may come ahead made the stock market fall 4.8%, to 112.667 points. The shares of state-owned plummeted 19.96% (common) and 21.15% (preferred).

Source: 6 Minutos