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Brazil court suspends $5.2 bln sale of Petrobras unit to Brookfield
February 10, 2017 / 4:16 PM / in 8 months

Brazil court suspends $5.2 bln sale of Petrobras unit to Brookfield

RIO DE JANEIRO, Feb 10 (Reuters) - A Brazilian federal court suspended on Friday the $5.2 billion sale of state-controlled Petróleo Brasileiro SA’s natural gas pipeline unit to a group of investors led by Canada’s Brookfield Asset Management Inc .

In a document seen by Reuters, the Sergipe state-based court ruled the transaction, which was to be closed within weeks, be halted because of discrepancies with the way Petrobras proceeded with the sale. (Reporting by Marta Nogueira; Writing by Guillermo Parra-Bernal; Editing by David Gregorio)

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