SAO PAULO, Dec 12 (Reuters) - Brazilian power company Eletrobras (ELET6.SA) said on Tuesday it has reached a deal to pay state-run oil firm Petrobras (PETR4.SA) 1.16 billion reais ($234.88 million) in order to settle a legal dispute over so-called compulsory loans.

Eletrobras added in a securities filing the agreement puts an end to every judicial dispute related to that lawsuit.

($1 = 4.9386 reais)

https://www.reuters.com/markets/commodities/eletrobras-reaches-235-mln-deal-settle-legal-dispute-with-petrobras-2023-12-12/