January 24, 2017 / 9:44 PM / a year ago

Brazil's Petrobras says investors are suing its subsidiaries in Netherlands

SAO PAULO, Jan 24 (Reuters) - Brazil’s state-run oil company, Petroleo Brasileiro SA, said on Tuesday in a securities filing that a group of investors is suing two of its subsidiaries in a court in the Netherlands.

The Stichting Petrobras Compensation Foundation, a Netherlands-based claim foundation, alleges investors had losses with shares in Petrobras, as the company is known, due to the largest-ever corruption investigation in Brazil involving the company.

Petrobras said in the filing that “Brazilian authorities recognize the company was a victim” of the corruption scheme. (Reporting by Tatiana Bautzer; Editing by Alan Crosby)

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