Hygo trading halted as CEO named in Brazil corruption probe

Pricing of Hygo's shares was due to take place on Thursday, but the New York Stock Exchange said they had been suspended without providing a reason. - Reuters

RIO DE JANEIRO/LONDON: Debut trading in Hygo Energy Transition Ltd was suspended on Thursday hours after the liquefied natural gas transport and infrastructure operator's chief executive was named in a corruption investigation in Brazil.

Hygo is headed by Eduardo Antonello, a former executive of offshore oil rig company Seadrill Ltd who Brazilian federal prosecutors accused of bribery in court filings outlining a new phase of the massive Car Wash graft probe.