Petrobras has received three bids for a natural gas pipeline network as part of a wider push to raise cash through divestments, said people with knowledge of the matter.
Switzerland’s top prosecutor is pursuing at least one bank in the country for its role in the Brazilian corruption affair known as the Carwash. Michael Lauber’s biggest problem expanding the probe is that ...
SpA is seeking to enter the Brazilian market with the help of EIG Global Energy Partners, a move by one of Europe’s largest gas-utility players to set foot in a new region. SA, or Petrobras, said a person familiar with the matter.
Brazil's state-controlled oil company Petroleo Brasileiro SA on Thursday received three binding bids for its gas pipeline network company TAG, three sources with knowledge of the matter said. The bids were from groups led by Australia's Macquarie Group , United Arab Emirates' sovereign wealth fund Mubadala Development Co and France's power company Engie SA , the sources said.
RIO DE JANEIRO (Reuters) - Petrobras Chief Executive Pedro Parente said on Thursday that any partnership in refining the company agrees to seal would likely be signed only next year, due to the complexity ...
Latin American currencies fell against the dollar on Thursday, with the Mexican peso and Brazilian real posting the strongest falls, as traders took advantage of an opportunity to make a technical correction ...
Brazil's state-run oil company Petroleo Brasileiro SA is considering selling 60 percent stakes in two regional blocks comprising four refineries, and keeping full ownership of nine other units, it said in a securities filing on Thursday. Petrobras, as the company is known, is considering the sale of a 60 percent stake in two blocks of refineries in the Northeastern and Southern regions. Each block would have two refineries and logistical assets, and Petrobras would keep a minority stake.
Mexico has banned federal institutions and state governments from doing business with Brazilian construction firm Odebrecht SA for the next 2-1/2 years, and fined the company around $60 million, the government said. State bodies are prohibited from "participating in federal public contracts or any contract with Construtora Norberto Odebrecht S.A.," the government's official gazette said late on Tuesday. Two units of the Brazilian company had each been fined 543.5 million pesos ($30.1 million), a government document showed.
Pedro Parente, lauded for turning around Brazil’s state-oil giant Petrobras SA, agreed to become chairman of struggling food conglomerate BRF SA, a breakthrough that may end several weeks of fighting among shareholders over who will sit on its board. The 65-year-old chief executive officer, who was previously a government minister and top manager at crop trader Bunge Ltd., has been brought in by BRF’s current chairman, billionaire Abilio Diniz, in an attempt to pull the company out of an unprecedented crisis. Pension funds Previ and Petros, which together own about 22 percent of BRF, have ...
Brazil's largest chicken processor BRF SA (BRFS3.SA) has been allowed to resume production at nine plants that export to the European Union, the Ministry of Agriculture said on Wednesday, a day before a potential EU ban related to a food safety scandal. Later in the day shares soared almost 10 percent after a news outlet reported Pedro Parente, chief executive of oil company Petroleo Brasileiro SA (PETR4.SA), could be the food processor's next board chairman. The embargo had affected 10 production units, BRF said at the time.
(Corrects headline and first paragraph to reflect financing of $400 million, not 400 million reais, in this April 13 story) (Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA (PETR4.SA) ...
Brazilian state-run oil company Petroleo Brasileiro SA has received a financing line of $400 million from Credit Agricole Corporate Investment Bank to be used to acquire goods and services from UK suppliers, the company said. In a statement on Friday, Petrobras, as the company is known, said the financing line expires in 2029 and comes with a guarantee from UK Export Finance, the United Kingdom's export credit agency.
A decision looming before Brazil's Supreme Court could free imprisoned former President Luiz Inacio Lula da Silva within days and deal the harshest blow yet to the South American country's battle against corruption, prosecutors and judges say. Several justices on Brazil's top court have already made clear they want to overturn a landmark 2016 ruling that allowed defendants to be jailed if their graft convictions were upheld on a first appeal - the sole reason that Lula and several senior politicians and businessmen are currently behind bars.
