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Petrobras says investors are suing its subsidiaries in Netherlands

 

 

SAO PAULO
Petroleumworld.com 01 25 2017

Brazil's state-run oil company, Petroleo Brasileiro SA, said on Tuesday in a securities filing that a group of investors is suing two of its subsidiaries in a court in the Netherlands.

The Stichting Petrobras Compensation Foundation, a Netherlands-based claim foundation, alleges investors had losses with shares in Petrobras, as the company is known, due to the largest-ever corruption investigation in Brazil involving the company.

Petrobras said in the filing that "Brazilian authorities recognize the company was a victim" of the corruption scheme.



Reporting by Tatiana Bautzer; Editing by Alan Crosby from Reuters.

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