Petrobras

CORRECTED-Petrobras resorts to top court to free divestment plan

Brazil’s state-run oil company Petrobras has asked the Supreme Court to lift an injunction obtained by an oil workers’ union that froze sales of its assets, including its fuels distribution unit, a court official said on Friday.

Petrobras filed the request on Thursday in a bid to lift the injunction that blocked a divestment plan crucial to the full recovery of the company’s finances by lowering its debt load.

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Categories: Petrobras

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