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Brazil's Petrobras loses tax income case, will appeal

Reuters
Tanks of Brazil's state-run Petrobras oil company are seen in Brasilia, Brazil, August 31, 2017. REUTERS/Ueslei Marcelino (Reuters)

BRASILIA (Reuters) - Brazil's Petróleo Brasileiro SA <PETR4.SA> said a federal court ruled against the oil firm in a 8.8 billion real (£2.1 billion) case over income tax payment in platform leasing contracts, the company said in a statement on Monday.

Petrobras, as the company is known, said it would appeal the ruling made by the third group of the Federal Regional Court of the 2nd Region (TRF2), based in Rio de Janeiro.

(Reporting by Silvio Cascione)