Petrobras Board reviews the appointment of Caio Paes de Andrades as president, the House negotiates on the bill to establish an ICMS tax limit on key items, and the MDB and Cidadania confirmed support for Simone Tebet’s candidacy

BRAZIL POLITICS - Report 25 May 2022 by Murillo de Aragão and Cristiano Noronha

At Petrobras, an Extraordinary General Meeting (AGE) may be called to elect a new Board. Yesterday, the Chief of Staff, Ciro Nogueira, said that the new president of Petrobras needs to be able to change the company's board. In other words, more changes are expected. Deputies are discussing including a floor in the ICMS bill to limit the loss in state revenue as a result of the change. If there is a decrease of more than 5% in the overall ICMS tax collection involving energy, telecommunications, transportation and fuel, the federal government would pay the difference. The leaderships of the MDB and Cidadania met separately to discuss supporting Senator Tebet. The PSDB was also going to meet yesterday, but postponed this to June 2. Some in the party defend the idea of having their own candidacy despite the withdrawal of former Governor João Doria.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.