BRASÍLIA (Reuters) – Economy Minister Paulo Guedes defended that the government could sell Petrobras shares at a time when the shares appreciated in order to distribute part of the gains to the most vulnerable population.
“When the price of fuel rises, the most fragile are struggling. How about if I sell some of Petrobras’ shares and give them these resources?”, said the minister at a press conference in Washington on Wednesday night, adding that it makes no sense for the country to get richer and for Brazilians, the poorest.
Guedes said he was in favor of privatizing all state-owned companies, but that, in the case of Petrobras, an alternative could be to take the company to the Novo Mercado, a segment with more demanding levels of governance in which companies can only issue common shares (with the right to vote).
The government could maintain control of the state-owned company through a golden share, but the change would generate an additional value of 100 billion to 150 billion reais for the company, Guedes said.
“And it can go even higher if I say I’m going to privatize, give up control,” he said, defending that Petrobras be transformed into a “corporation” in a model similar to the one approved for Eletrobras.
Guedes, who is in Washington for the annual meeting of the International Monetary Fund and the World Bank, said that, in a meeting with the secretary general of the OECD (Organization for Economic Cooperation and Development) on Wednesday, he reinforced the request for support for accession from Brazil to the entity.
According to the minister, Brazil has already satisfied 100 requirements out of a total of 247 required by the OECD of its members and has already submitted a request for recognition of another 60, which would leave the country “in front of practically all the candidates”.
(By Isabel Versiani)
+ Until 2019, there were more people in prisons than on the Brazilian stock exchange
+ Aloe gel in the drink: see the benefits
+ Lemon-squeezing trick becomes a craze on social media
+ Chef playmate creates aphrodisiac recipe for Orgasm Day
+ Mercedes-Benz Sprinter wins motorhome version
+ Anorexia, an eating disorder that can lead to death
+ US agency warns: never wash raw chicken meat
+ Yasmin Brunet breaks the silence
+ Shark is captured in MA with the remains of youngsters missing in the stomach
+ See how much it costs to eat at the MasterChef judges’ restaurants
+ Auction of cars and motorcycles from Kombi to Nissan Frontier 0km