Photographer: Mario Tama/Getty Images

Petrobras Finds Money for Olympic Sponsorships Amid Cost Cutting

  • Oil producer sponsors Brazilians competing in judo, fencing
  • Company’s overall sponsorship budget fell by 27% in 2016

The highly-indebted oil company at the center of Brazil’s biggest corruption scandal still has cash to support top athletes in the run-up to the Olympic games being held in its home city.

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