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Free AccessNation Considering Use Of BNDES-Held Petrobras Shares for Poverty Fund
(Bloomberg)Brazil is considering using Petrobras shares held by development bank BNDES to create a fund to fight poverty, a person from the economic team with knowledge of the matter told journalists.
- The operation would be carried out within the process of migrating Petrobras to the so-called novo mercado, a segment of local markets that sets higher governance standards for companies, the person said, requesting anonymity because the discussions are not public. (BBG)
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.