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Brazil Court Freezes Petrobras's TermoBahia Sale

Posted by Eric Haun

A Brazilian federal court on Monday temporarily halted the sale by Petroleo Brasileiro SA of its 50 percent stake in thermal power station operator TermoBahia to Total Brasil E & P, part of France's Total, following a lawsuit, according to a document seen by Reuters.
The sale was part of a $2.2 billion deal signed in December which included the sale of stakes in oilfields by Petrobras to the French firm.


(Reporting by José Roberto Gomes)

Aug 21, 2017

 

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