Petrobras faces legal challenges in the billions from international investors

Friday, February 12th 2016 - 06:27 UTC

Full article 10 comments

Brazil’s troubled state oil firm Petrobras faces possible new legal challenges from a coalition of groups representing international investors based in Europe in the US. The financially hobbled and corruption-racked company is being sued over alleged fraud-related losses the investors suffered on its shares and bonds traded outside the Americas. Read full article

Comments

Disclaimer & comment rules

yankeeboy
Told ya long ago.

Next up, PBR loans being called.
Then its all over.

As PBR goes so does Brazil.
Feb 12th, 2016 - 12:14 pm - Link - Report abuse 0
-+
ChrisR
Go Scousers!

The end is nigh for PB and severe economic problems are coming for the Brazil Nuts.
Feb 12th, 2016 - 02:03 pm - Link - Report abuse 0
-+
L0B0MAU
PB [like many other govt. owned organizations & Public Companies] is a Total 100% Liability - a White Elephant - operated purposefully, for fulfilling the personal interests of the corrupt politicians.

SCANDALS [known & unknown so far] PLUS CRISIS [political, social & economic] = THE END [expected but unfortunate & unnecessary]
Feb 12th, 2016 - 02:30 pm - Link - Report abuse 0
-+
Brasileiro
It is wise to cut all ties with the United States and the rest of the West.

BRICS

https://www.youtube.com/watch?v=Mmf5s7NCay8&list=FLmXPTu1f8AdGlizWNiASx2A&index=1
Feb 12th, 2016 - 06:39 pm - Link - Report abuse 0
-+
yankeeboy
All large investors got their money out of Brazil long ago.
When it collapses they'll come back and buy on the cheap.

PBR has no buyers for its assets.
It is going to have to go bankrupt soon
And Brazil has no $ to bail it out

Should be interesting watching this roll out...
Feb 13th, 2016 - 05:01 pm - Link - Report abuse 0
-+
Brasileiro
@5 Petrobras is the federal government of all Lusitania. Are 3000 years of history and you think a barrel to 10 dollars will break it.

Petrobras announces an operating profit of 26 billion reais in 2015. Its debt reduced by 15%. And you think it will break ...

What you call investor I call speculator. And ALL the speculators are gone from Brazil. Thank God! And never again will they return.

Unless bring yuan in their pockets!

https://www.youtube.com/watch?v=6OM20Kd0N2o&list=FLmXPTu1f8AdGlizWNiASx2A&index=14
Feb 14th, 2016 - 02:29 pm - Link - Report abuse 0
-+
yankeeboy
PBR is desperately trying to liquidate assets but nobody wants to buy them.

The only speculators in PBR are short sellers.
And they're winning

Soon enough the loans will start to be called and either The Brazilian Gov't will use its meager reserves to rescue it or they won't.

Only time will tell.

Until you get rid fo the Marxist Monkeys running Brazil it is doomed to failure.
Feb 14th, 2016 - 03:13 pm - Link - Report abuse 0
-+
Brasileiro
I say but any fine or penalty of Noam judiciary will have no effect in Brazil.

May sanction the Brazil!

https://www.youtube.com/watch?v=-MpxH9Bx7yc&list=FLmXPTu1f8AdGlizWNiASx2A&index=68
Feb 14th, 2016 - 04:34 pm - Link - Report abuse 0
-+
yankeeboy
Pbr has assets outside of Brazil.
Feb 14th, 2016 - 11:33 pm - Link - Report abuse 0
-+
L0B0MAU
The Petrobras case has had a “tremendous impact... in the real uncovering of the way that the political networks and businesses have been covering up decades of corruption in the country”: REF: http://zeenews.india.com/business/news/international/emerging-giants-plagued-by-corruption-transparency-international_1849535.html
Feb 15th, 2016 - 09:46 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!