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Brazil court freezes Petrobras's sale of TermoBahia stake to Total
August 21, 2017 / 4:41 PM / a month ago

Brazil court freezes Petrobras's sale of TermoBahia stake to Total

SAO PAULO, Aug 21 (Reuters) - A Brazilian federal court on Monday temporarily halted the sale by Petroleo Brasileiro SA of its 50 percent stake in thermal power station operator TermoBahia to Total Brasil E & P, part of France’s Total, following a lawsuit, according to a document seen by Reuters.

The sale was part of a $2.2 billion deal signed in December which included the sale of stakes in oilfields by Petrobras to the French firm. (Reporting by José Roberto Gomes)

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