Brazil Prosecutors Investigate Portugal’s Ongoing, Folha Says

Brazil’s federal public prosecutors started an investigation of Portuguese group Ongoing Strategy Investments SGPS SA investments in Brazil, Folha de S. Paulo reported, without saying where it obtained the information.

Prosecutor Marcio Schusterschitz Araujo is reviewing whether Ongoing is breaking Brazil’s Constitution that limits foreign stakes in media companies to 30 percent, Folha said.