Investors welcome next Petrobras CEO

Investors welcome next Petrobras CEO

Equity People Energy Oil Gas Economy & Policy Politics Brazil

Shares in Brazil's Petrobras rose on Tuesday as investors responded to the news that Adriano Pires will become the new CEO of the state-owned oil company on April 13. Petrobras' common shares went up 1.23% to BRL34.50 ($7.25) and its preferred shares grew 2.22% to BRL32.30 on the B3 stock exchange in São Paulo. Its common shares on the New York Stock Exchange (NYSE) rose 2.19% to $14.49 as its preferred shares went up 3.66% to $13.58. The appointment of Pires, a well-known energy consultant in B

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