Hygo Energy Transition's initial public offering has reportedly been cancelled after its chief executive was implicated in the Brazilian corruption probe known as Operation Car Wash.
Reuters reported the $558m IPO has been pulled two days after Hygo's Eduardo Antonello was implicated in a scheme to bribe Petrobras officials to secure a $2.7bn contract in 2011.
Golar LNG has not made any official announcements.
