Brazil - 03

Brazil: TCU Allows Petrobras to Continue Divestment Program

After several delays, the TCU announced its official decision last week to lift an injunction that had prohibited Petrobras from moving forward with its divestment program. Suspicions over the lack of transparency regarding the company’s asset sales had led the court to stop the program back in December. In order to continue with its divestments, Petrobras has agreed to update the program’s rules of procedure.

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