Brazilian VP Mourão says amendment to law on state-owned enterprises “mortally wounds” entry into OECD

On Thursday (Dec. 15), the Brazilian vice president, Hamilton Mourão, criticized the changes in the Law of state-owned companies approved by the House of Representatives.

With the change, the coordinator of the government plan of the PT (progressive-globalist) campaign, Aloizio Mercadante, may assume the position of president of BNDES.

“The change in the Law of state-owned Enterprises wounds Brazil’s entry into the OECD to death. It is the beginning of the end,” said the senator-elect from Rio Grande do Sul.

The House of Representatives changed on Tuesday night (Dec. 13). The text reduces the quarantine for nominees to occupy presidencies and directorships of public companies from 36 months to 30 days.

PETROBRAS LOSES HALF OF ITS MARKET CAPITALIZATION

The lightning approval of the change promoted by the House of Representatives in the State Law made Petrobras lose R$30 (US$5.6) billion in market value in a single day, according to a survey conducted by the TradeMap platform.

Yesterday Petrobras closed the day with a market value of R$301 billion, representing a loss of 42% since October. Ambev is currently worth R$238 billion.

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