Brazil Court Suspends Sale of Petrobras Unit to Brookfield

A Brazilian federal court suspended on Friday the $5.2 billion sale of state-controlled Petróleo Brasileiro SA's natural gas pipeline unit to a group of investors led by Canada's Brookfield Asset Management Inc .

 

In a document seen by Reuters, the Sergipe state-based court ruled the transaction, which was to be closed within weeks, be halted because of discrepancies with the way Petrobras proceeded with the sale.


(Reporting by Marta Nogueira; Writing by Guillermo Parra-Bernal; Editing by David Gregorio)