SAO PAULO, June 27 (Reuters) - Brazilian state-owned oil giant Petrobras (PETR4.SA) New Tab, opens new tab said on Thursday in a securities filing it will raise its participation in financing employee health plans to 70% from current 60% starting in July.

According to the company, the measure would reduce its annual operational cash flow by about 500 million reais ($90.89 million).

Petrobras added it will report the financial effects of the higher health plan participation in its second quarter results.

($1 = 5.5009 reais)

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https://www.reuters.com/markets/commodities/brazils-petrobras-raise-participation-employee-health-plans-70-2024-06-27/