Area Report Brazil

摘要

Broker Westshore reports that Sete Brasil in Brazil is experiencing significant problems, has "no cash, and is struggling to raise funding" having also become embroiled in the 'Lava Jato' crisis at Petrobras. Sete Brasil, which was set up to build rigs for Petrobras, has failed to fulfil contracts with the troubled state-owned oil company, said Westshore, and the Brazilian government is now studying ways to unlock credit in the company.