SAO PAULO May 8 Brazilian state oil company
Petroleo Brasileiro SA said on Monday a federal court
had thrown out a lawsuit seeking to block its divestment of
distribution arm BR Distribuidora.
Petrobras, as the company is known, said in a securities
filing that the court in Sergipe had ended the case without
ruling on the merits after Petrobras argued that it was already
reworking the asset sale plan in question due to a ruling by
federal audit court TCU.
(Reporting by Luciano Costa and Brad Haynes; Editing by Chris