UPDATE 3-SBM Offshore shares jump as $240 mln bribery case settled

miércoles 12 de noviembre de 2014 15:57 GYT
 

* Shares soar 20 percent in Amsterdam trading

* U.S. inquiry dropped by Dept. Of Justice

* Dutch prosecutors find offshore payments to Brazilian officials

* Car, property, insurance paid as bribes (Adds Brazil considering penalties)

By Anthony Deutsch

AMSTERDAM, Nov 12 (Reuters) - SBM Offshore NV has settled a bribery case with Dutch prosecutors for $240 million, including a $40,000 fine, sending shares in the Dutch oil platform leasing firm up more than 20 percent on Wednesday.

The settlement, which was in line with provisions already taken, ends a two-and-a-half year inquiry into improper payments to government officials in Angola, Brazil and Equatorial Guinea by sales agents between 2007 and 2011.

Dutch prosecutors said in a statement on Wednesday that payments made with the cooperation of SBM Offshore employees constituted "the indictable offence of bribery."

The settlement means that SBM Offshore will not be prosecuted in the Netherlands, but the individuals involved could face charges in other countries.   Continuación...