According to Reuters, UK-based Aberdeen Asset Managers Ltd. has sold 14.88 million preferential shares in Petrobras to reduce its stake in the Brazilian state-run oil company to 4.98%.
In other news about the company, Aberdeen Asset Managers announced in December that, after four years of running and developing Aberdeen’s business in the Americas, Gary Marshall will return to the UK, where he will continue to play a key role in the development of the business of the Group. David Steyn will join Aberdeen in January as Head of Americas.
Steyn has more than 30 years of experience in the investment industry, based in both the UK and the US. Over the next few months, Marshall will transfer his current responsibilities to Steyn to ensure a smooth transition.