News
07 June 2019

Petrobras, Brazil government dodge bullet as Supreme Court approves asset sales

In:
Oil & gas
Region:
Americas

Brazil’s Supreme Court has ruled that state-run firms do not need congressional approval to sell their subsidiaries, a major victory for the government of President Jair Bolsonaro and state-run oil firm Petrobras. Supreme Court Justice Edson Fachin, who ruled in May to suspend the $8.6...

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