Friday, March 24 2023

Reuters

Former Petrobras executive asks Brazil court to block dividend payment

Guilherme Estrella, former director of Brazil’s state-controlled oil giant Petrobras, filed a lawsuit in court to block the payment of dividends by the company. In a late Friday filing, Petrobras reported that Estrella, a former director of exploration and production, requested the blocking of 32.1 billion reais ($6.6 billion) in dividends that would be paid in advance to the federal government, as approved in July. Estrella asks for studies to be carried out to prove that the distribution of dividends does not compromise the company’s competitiveness.

Source: Yahoo Sports

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