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2 months ago
Brazil's Petrobras files for tax refinancing plan
June 1, 2017 / 12:09 PM / 2 months ago

Brazil's Petrobras files for tax refinancing plan

1 Min Read

SAO PAULO, June 1 (Reuters) - Brazilian state-run oil company Petróleo Brasileiro SA on Thursday filed for a tax refinancing plan, seeking to repay 1.6 billion reais ($496 million) in back taxes.

In a securities filing, Petrobras, as the company is known, said the transaction would impact its consolidated net earnings by 308 million reais.

$1 = 3.2262 reais Reporting by Ana Mano

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