Brazil court reportedly upholds decision blocking Petrobras Distribuidora S.A.'s sale. A Brazilian federal court rejected an appeal by Petróleo Brasileiro S.A. - Petrobras (BOVESPA:PETR4) and upheld a decision blocking Petróleo Brasileiro's plan to sell a stake in Petrobras Distribuidora, according to a court document seen by Reuters on January 31, 2017. Petrobras was trying to revamp the sale process of the unit to share control with the buyer, after failing to sell a minority stake.
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- Brazil Court Upholds Decision Reportedly Blocking Petrobras Plan For Fuels Unit