Sunday, February 17, 2019

Petrobras Makes $983m Deposit Related to U.S. Class Action

Posted by July 3, 2018

Brazil's state-run oil company Petroleo Brasileiro SA said on Tuesday it made a $983 million deposit as part of a deal to settle a class action in the United States.

In a securities filing, Petrobras said this deposit is the second one related to the class action. A third one, of $984 million, is due on January 15, 2019.

Reporting by Carolina Mandl

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