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BREAKING NEWS

Dutch court will take on shareholders case against Petrobras

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Dutch court will take on shareholders case against Petrobras

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AMSTERDAM (Reuters) - Litigation by shareholders against Brazilian state oil company Petrobras <PETR4.SA> will proceed in the Netherlands, a Dutch court ruled on Wednesday.

The district court in Rotterdam said a preliminary hearing in the case will be held on Dec. 18. It will look into demands by Petrobras shareholders for compensation for losses due to the long-running corruption scandal at the Brazilian company, which has numerous subsidiaries headquartered in the Netherlands.

(Reporting by Bart Meijer, editing by Louise Heavens)

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