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Actionable news in PBR: PETROLEO BRASILEIRO S.A.-PETROBRAS ADS (REP 1 COMMON SHARE),

Brazil Said to Tap Petrobras and State Banks for Paralympics

  • Caixa, BNDES said to help finance a total of $31 million
  • Judges have raised transparency concerns of last-minute funds

Brazil has turned to public banks and the state-controlled oil company to carry out the Paralympic games after Olympic organizers requested additional funds, said a senior government official who participated in the discussions.

State-run oil company Petrobras, public bank Caixa Economica Federal, and development bank BNDES will help sponsor a...


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