Petrobras (NYSE:PBR) may take a charge of about 52B reais ($20B) in its overdue third-quarter results to reduce the value of some assets, Reuters reports quoting a Veja magazine blog. The impairment equals 42% of the market value of the company. Petrobras has delayed the results since November due to a corruption scandal that has so far led to the arrest of 40 people.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.