The Brazilian administrative authority has suspended Italy’s Saipem and its subsidiary Saipem do Brasil from contracting with the nation’s public administration for 2 years, the engineering and development group mentioned on Friday.
The determination stems from the ultimate ruling within the administrative proceedings initiated in opposition to the businesses in relation to alleged irregularities within the award of a gasoline pipeline contract in 2011.
The sanction has no affect on ongoing tasks in Brazil, Saipem mentioned, including it might enchantment the choice.
In November, the Italian firm mentioned it had received two offshore contracts in Brazil and Guyana value round $1.9 billion in complete.
(Reuters – Reporting by Francesca Landini, modifying by Alvise Armellini)
