Statkraft closes Brazilian corruption case

Having paid a fine of EUR 2.8m to Brazilian authorities, the Norwegian utility can now close a case it's been dragging along since acquiring Desenvix Energias Renováveis in 2015.

by ANNE FILBERT, translated by jonas sahl hollænder

Corruption is not the first thing that comes to mind when considering Norwegian state-owned utility Statkraft. Nevertheless, it has left a large stain on the company's business in Brazil in recent years.

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