Honeywell UOP (“Honeywell”) is a U.S.-based subsidiary of Honeywell International, Inc. The settlement resolved bribery charges in the United States and Brazil stemming from bribes paid to high-ranking officials at Petrobras, Brazil’s state-owned oil company. Honeywell agreed to a three-year deferred purchase agreement (“DPA”), which was filed in the Southern District of Texas (Houston). Honeywell agreed to pay approximately $79 million in exchange for the...
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