Brazil’s Petrobras lifts restrictions on doing business with Odebrecht

Brazil’s state-run oil company Petróleo Brasileiro SA has lifted restrictions on doing business with certain units of the engineering firm Odebrecht SA, Petrobras said in a securities filing on Friday. Petrobras’ board of directors approved the measure at a board meeting on Thursday, the filing said. Odebrecht has been at the center of a major global corruption investigation, involving numerous other firms that paid billions of dollars in bribes to win contracts with Petrobras in the last two decades. …read more

Source:: Yahoo Finance


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