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Petrobras ADRs traded in New York slump over 9% after Bolsonaro nominates new CEOny’s CEO

RIO DE JANEIRO, BRAZIL - Petrobras ADRs (PETR4;PETR3), depositary receipts traded on the New York Stock Exchange slumped over 9% on Friday night, February 19th, after President Bolsonaro announced the nomination of General Joaquim Silva e Luna as the new CEO of the state-owned company on social networks.

At 8:10 PM (Brasília time), the company's shares were trading down 9.25% in the after market, quoted at US$9.12, after . . .

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