January 23, 2019 / 11:12 AM / a year ago

Brazil's Petrobras receives unfavourable tax ruling

FILE PHOTO: The logo of Petrobras, state-controlled Petroleo Brasileiro SA, is seen at their President Bernardes Refinery in Cubatao, Brazil June 8, 2017. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Petroleo Brasileiro SA (PETR4.SA) (Petrobras) has received an unfavourable ruling from a tax court in a 1.7 billion reais (344.85 million pounds) dispute involving corporate tax charged in 2012 on overseas companies it controlled, the Brazilian state-run oil company said in a securities filing on Wednesday.

Petrobras said it will appeal the decision.

Reporting by Ana Mano; editing by Jason Neely

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