Summary by Futu AI
Petrobras, officially known as Petroleo Brasileiro SA, announced on July 19, 2024, that it has received approval from its partners in E&P consortiums for reimbursement related to tax disputes. This follows a previous disclosure on June 17, 2024, regarding the company's adherence to the PGFN-RFB 6/2024 Transaction Public Notice. The partners are responsible for approximately 13% of the litigation settlement, of which 11% has been approved, equating to about R$2.2 billion. This sum represents 84% of the total expected reimbursement. Petrobras will continue discussions with other consortium members for the remaining approvals and will update the market accordingly. The payments from partners are to be made in accordance with the terms of PGFN-RFB Notice 6/2024.