UPDATE 1-Brazil antitrust regulator recommends penalizing Petrobras

August 8, 2016 3:33 PM

14 0

SAO PAULO Aug 8 The superintendent's office of Brazil's antitrust regulator Cade recommended penalizing state-run oil company Petroleo Brasileiro SA for anti-competitive behavior in the natural gas distribution market, according to a statement from Cade on Monday.

The case will now be tried before Cade's tribunal at a date yet to be determined. The complaint was made at Cade by rival natural gas distributor Comgas.

Also read: Brazil grants antitrust approval for FMC Technologies, Technip merger

Read more

To category page

Loading...