Brazil's CVM watchdog opens second probe into Petrobras shakeup
- Country:
- Brazil
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.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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