Petrobras plans to report Q4 audited results by end-March -newspaper

miércoles 11 de febrero de 2015 08:02 GYT
 

BRASILIA Feb 11 (Reuters) - Brazil's Petroleo Brasileiro SA (Petrobras) plans to publish its delayed audited fourth-quarter results by the end of March, something it needs to do to avoid possible early repayment of its bonds, the Globo newspaper said on Wednesday.

Newly installed CEO Aldemir Bendine has told aides that he considers the March goal an essential step in rebuilding credibility in the state-run oil company, the paper said.

Former chief financial officer Almir Barbassa said in January that the results could be published as early as the end of April.

The company's bond contracts give Petrobras until the end of June to publish the audited fourth-quarter results or face a possible default declaration.

The delays stem from efforts to value assets after the discovery of a price-fixing, bribery and political kickback scandal.

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The Brazilian government is considering appointing Planning Minister Nelson Barbosa as chairman of the board at Petrobras, the paper said, without saying how it obtained the information.

The consideration of Barbosa comes after Finance Minister Joaquim Levy resisted taking the post, arguing it would interfere with his principal duties, Globo said.   Continuación...