1. Petrobras Activists Winning Fuel Battle Signal New Tone

    Petrobras Activists Winning Fuel Battle Signal New Tone

    Petroleo Brasileiro SA (PETR4) minority shareholders are poised to secure their first victory after winning a board seat in April. Months of lobbying by investors led by Aberdeen Asset Management Plc (ADN) spurred Energy Minister Edison Lobao’s assurance on Oct. 14 the government would let state-run Petrobras raise gasoline prices, after fuel subsidies caused 6.77 billion reais ($3.15 billion ...

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    1. Activism not only changes status quo and brings new proposals.
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