Brazilian pipeline infrastructure. (Petrobras)
Petrobras is likely to seek a plenary vote from Brazil’s full Supreme Court to overturn a legal injunction that has frozen the state company’s divestment programme. However, the process to clear the way for divestments – such as the sale of the company’s gas pipeline operator, Transportadora Associada de Gás (TAG) – threatens to be long and tortuous.
Supreme Court Justice Ricardo Lewandowski ruled earlier this month that the sale of shares in state-controlled companies, including their subsidiaries, must be...
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