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Brazil's Supreme Court resumes debate on divestment of state-run firms

BRASILIA, June 6 (Reuters) - Brazil's Supreme Court, the STF, has begun Thursday's session of a hearing in which it is expected to decide whether the sale of state-run firms and subsidiaries requires congressional approval.

The hearing begun last Thursday, re-commenced on Wednesday, and is now in its third day. The decision could have a significant impact on state-run oil firm Petroleo Brasileiro SA , which is selling off tens of billions of dollars in assets in a bid to reduce debt. (Reporting by Ricardo Brito Writing by Gram Slattery; Editing by Lisa Shumaker)