Brazil's CVM watchdog opens second probe into Petrobras shakeup
Reuters
Published Feb 23, 2021 01:37PM ET
BRASILIA (Reuters) - Brazil's market regulator CVM said on Tuesday it has opened a second investigation into the announced shakeup at state-controlled oil giant Petrobras, which triggered a two-day share selloff that wiped more than 100 billion reais ($18.3 bln) off its value.
CVM on Monday had announced the opening of an investigation on the change of leadership that Brazilian President Jair Bolsonaro announced on Friday in a social media posting. The commission said it opened a second investigation in response to an investor's complaint.
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Written By: Reuters
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