PBR Petroleo Brasileiro ADR

   By Dominic Chopping 
 

STOCKHOLM--Swedish construction company Skanska AB (SKA-B.SK) said Tuesday that the Comptroller General (CGU) and the Administrative Council of Economic Defense (CADE) have announced they will involve additional companies in their corruption investigation surrounding Petrobras (PBR), among them Skanska do Brasil.

In July 2014 Skanska announced it would wind down its operations in Latin America and exit the market. A new business unit president was appointed, and a number of other key positions have also been replaced.

The company said it is completing ongoing construction contracts but not bidding for new construction projects. The operations and maintenance business in Latin America will be divested, it said.

"Skanska has a zero tolerance against corruption and takes the situation seriously," the company said in a statement.

-Write to Dominic Chopping at dominic.chopping@wsj.com; Twitter: @WSJNordics

Subscribe to WSJ: http://online.wsj.com?mod=djnwires