Lula wasn’t in on dividends decision, says energy minister

Brazil’s Mines and Energy Minister Alexandre Silveira on Thursday said President Luiz Inácio Lula da Silva was not involved in a decision by Petrobras to retain the state-controlled company’s so-called extraordinary dividends, directly contradicting the oil giant’s CEO Jean Paul Prates. The move upset investors when it was announced in mid-March, and Petrobras shares dropped. 
The post Lula wasn’t in on dividends decision, says energy minister appeared first on The Brazilian Report.