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Petrobras removes contracting ban on Andrade Gutiérrez after plea deal
June 8, 2017 / 9:39 PM / 4 months ago

Petrobras removes contracting ban on Andrade Gutiérrez after plea deal

SAO PAULO, June 8 (Reuters) - State-controlled Petróleo Brasileiro SA has removed the engineering unit of Brazilian conglomerate Andrade Gutiérrez 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 Gutiérrez include unspecified monitoring and compliance rules. Petrobras had put Andrade Gutiérrez’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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