RIO DE JANEIRO – Brazilian state-run oil company Petróleo Brasileiro SA, or Petrobras, said Monday its board has agreed to a shareholder lawsuit filed by Vanguard Group to recover corruption-related losses.
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Though it didn't disclose the terms of the agreement, Petrobras said it will raised its financial provision for settlements with shareholders to $445 million from $372 million.
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(END) Dow Jones Newswires
June 19, 2017 18:20 ET (22:20 GMT)