Petrobras removes contracting ban on Andrade Guti?(C)rrez after plea deal

By Kitco News / June 08, 2017 / www.kitco.com / Article Link

SAO PAULO, June 8 (Reuters) - State-controlled Petr??leo Brasileiro SA has removed the engineering unit of Brazilian conglomerate Andrade Guti?(C)rrez SA from a list of banned contractors, after the latter signed a leniency accord with prosecutors over a corruption scandal.

In a Thursday securities filing, Petrobras said terms of an accord with Andrade Guti?(C)rrez include unspecified monitoring and compliance rules. Petrobras had put Andrade Guti?(C)rrez's construction unit on a list of forbidden contractors since December 2014 because of the latter's involvement in a massive bribery-for-contracts scheme.


(Reporting by Guillermo Parra-Bernal; Editing by Leslie Adler)

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