04 Mar 2010 - by PreSalt.com - Source: Agencia Brasil
The House of Representatives approved yesterday (3), amendment that allows workers who bought shares of Petrobras (Bovespa: PETR3/PETR4, NYSE: PBR / PBRA, Latibex: XPBR / XPBRA, BCBA: APBR / APBRA), with funds from the Guarantee Fund for Employees (FGTS) to use up to 30% of the balance of their accounts of the fund to acquire new shares of Petrobras, in the process of capitalization of the company for extracting oil from the pre-salt (subsalt).
The amendment to allow these shareholders to increase its stake in Petrobras was negotiated between the government and opposition. The allies of the government were against the measure, but eventually bowed to calls from the opposition, which claimed the use of 50% of the balance of the FGTS. At first, the government agreed percentage of 20%, but as the opposition wanted 50%, the government decided to raise the percentage to 30% and reached an agreement with the opposition.
In another vote, the House approved the rules for participation of employees of Petrobras shareholders with up to 30% of the balance of the FGTS. The applications will be made through mutual and privatization funds will be registered and attached. By adopted rules, after 12 months, the employee may choose to return the money applied to your account FGTS.
The amendments were adopted in the project that deals with capitalization of Petrobras for the exploration of the pre-salt layer. With the vote on these amendments and the rejection of other features that were intended to modify the text approved Tuesday (2), the Board concluded the vote on the project. Now, the proposal will be forwarded for consideration by the Senate.
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