Audit court allows Petrobras to resume asset sales

Audit court allows Petrobras to resume asset sales

Brazil M&A

The Brazilian federal audit court TCU has ruled that Petrobras can resume its divestment program, although it has to restart the sales of its fuel distribution business BR Distribuidora and other assets.The decision allows the state-owned energy company to conclude the sale of the two oilfields to Karoon Gas Australia and also complete the sale of its stake in the Saint Malo oilfield in the Gulf of Mexico, Petrobras said in a statement.Other asset sales, including a controlling stake in the

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