Markets

Statoil confident Brazil deal to go ahead despite suspension

Published April 18, 2017 Updated April 18, 2017 02:57pm

"We are confident that he deal will go ahead... We are considering various legal options, but we are confident that we have a strong case," Statoil's spokesman Erik Haaland said.

A Brazilian court has ordered the state-controlled company, known as Petrobras, to suspend the sale of its stake in the block to Statoil after a union argued there should have been an open bidding process.

 

Copyright Reuters, 2017