February 1, 2017 / 5:46 PM / a year ago

Brazil audit court delays decision on Petrobras asset sales

BRASILIA, Feb 1 (Reuters) - Brazil’s federal audit court on Wednesday postponed a decision regarding asset sales by state-controlled oil company Petroleo Brasileiro SA, leaving in place a court order blocking new deals in the company’s divestment program.

The order has prevented Petrobras, as the company is known, from signing any new asset sales, while allowing the company to proceed with five deals in their final stages worth around $3.3 billion. (Reporting by Leonardo Goy)

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