Petrobras shares are trading higher after the company settled a tax dispute, agreeing to pay 19.8 billion reais in back taxes to the federal government.
Portfolio Pulse from Benzinga Newsdesk
Petrobras shares are trading higher after the company settled a tax dispute, agreeing to pay 19.8 billion reais in back taxes to the federal government.
June 18, 2024 | 3:48 pm
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Petrobras shares are trading higher after the company settled a tax dispute, agreeing to pay 19.8 billion reais in back taxes to the federal government.
The resolution of the tax dispute removes a significant overhang for Petrobras, likely boosting investor confidence and leading to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100