01 December 2018, News Wires — Brazil supreme court will only analyze the injunction that blocks privatization of state owned companies without congressional approval next week, one source at the court told Reuters.
Supreme Court justice Ricardo Lewandowski decided in July that all sales of state-controlled companies should be approved by Congress.
Since then, state-controlled oil company Petroleo Brasileiro SA has suspended the sale of its refineries, of the gas pipeline company Transportadora Associada de Gas and also of the Araucaria fertilizer factory.
- Reuters
