Brazil's Industrial Heavyweights Are Stepping Back Into the Ring
MIN READFeb 14, 2018 | 15:28 GMT
The Petrobras corruption probe forced many firms to sell their assets and to undergo major operational restructuring.
It's been a tough couple of years for Brazil's "national champions." Implicated in a far-reaching corruption probe in 2014 that centered on Petroleo Brasileiro (Petrobras), the giants of Brazilian industry faced the full force of the law over illicit activities at home and abroad. But fast-forward to 2018, and the country's champions appear to be back on their feet. Brazil's economy exited a recession last year, and the country is likely to grow by even more this year. And now with major companies signing leniency deals with Brasilia and restructuring their businesses, large corporations may soon regain some of the clout they enjoyed beyond the country's borders....