Petrobras stock plummets following Lula’s election win in Brazil

Investors fear that a new Lula administration will mean more government interference in company’s management

Comeback: Lula waves to supporters after defeating incumbent Jair Bolsonaro in a presidential run-off election. — Comeback: Lula waves to supporters after defeating incumbent Jair Bolsonaro in a presidential run-off election.Photo: AFP/SCANPIX

Fabio Palmigiani

Rio de Janeiro

Published 31 October 2022, 17:35Updated 1 November 2022, 12:26

Brazil Petrobras Luiz Inacio Lula da Silva Jair Bolsonaro Joe Biden