Entering text into the input field will update the search result below

SBM Offshore +14% after signing leniency deal with Brazil, Petrobras

Jul. 27, 2018 10:11 AM ETSBM Offshore N.V. (SBFFF) StockPBR, SBFFY, SBFFFBy: Carl Surran, SA News Editor
  • SBM Offshore (OTCPK:SBFFF +14%) shoots higher at the open after reaching a settlement in a long-running corruption investigation it faced in Brazil, agreeing to pay ~$189M to Brazilian authorities and Petrobras (PBR +2.7%) in fines and compensation for damages.
  • SBM says the agreement ends all Brazil anti-corruption investigations against it and allows it to participate again in PBR tenders.
  • SBM was accused of paying bribes to government officials to secure contracts with PBR, which has been at the center of Brazil’s largest-ever corruption scandal.

Recommended For You

More Trending News

About SBFFF Stock

SymbolLast Price% Chg
Market Cap
PE
Yield (TTM)
Rev Growth (YoY)
Prev. Close
Compare to Peers

Related Stocks

SymbolLast Price% Chg
SBFFF--
SBM Offshore N.V.