Skanska to sell Brazil oil assets to Germany's Kaefer -Valor
SAO PAULO, Sept 16 (Reuters) - Swedish builder Skanska AB has reached a deal to sell its Brazilian energy-related assets to Germany's Kaefer, newspaper Valor Economico reported on Wednesday.
Skanska's Brazilian subsidiary is one of two dozen local engineering companies under investigation for participating in what prosecutors say was a cartel that overcharged Brazil's state-run oil company Petrobras for work in order to use the excess funds to bribe executives and politicians.
Valor did not say how much Kaefer would pay for the assets or how it obtained the information. It said Kaefer's local unit, RIP Servicos Industriais, would also take over operation of some hydro electric dams as well as cranes, wells and other mechanical equipment.
A Skanska spokesman said the company never commented on rumors or speculation, only signed contracts. Skanska takes the corruption suspicions very seriously and cooperates with the ongoing investigations, he said.
A representative for RIP Servicos Industriais declined to comment. A representative for Kaefer in Germany did not immediately respond to an emailed request for comment.
According to Valor, Brazil's antitrust regulator has approved the sale, but the deal also requires approval from Petroleo Brasileiro SA, as Petrobras is formally known, since Kaefer would take over Skanska's contracts with the company. (Reporting by Caroline Stauffer; Editing by Lisa Von Ahn)
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