Petrobras

Brazil prosecutors to investigate Petrobras Argentina sale

Prosecutors investigating Brazil’s biggest-ever corruption scandal will probe last year’s sale of the Argentine subsidiary of Petrobras, Brazil’s state oil company, a lawyer representing its minority shareholders on Wednesday.

Petrobras, formally known as Petroleo Brasileiro SA (PETR4.SA), sold its 67.2 percent stake in Petrobras Argentina SA for $892 million to Pampa Energia SA (PAM.BA), Argentina’s largest power company.

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Categories: Petrobras

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