Honeywell to Pay $203 Million in Settlements Over Brazil, Algeria Bribery

Honeywell

International Inc. will pay nearly $203 million to resolve investigations in the U.S. and Brazil into bribes paid to public officials in Algeria and at Brazil’s state-owned oil company, the company said Monday.

The settlements involve UOP, a U.S. subsidiary of Honeywell that manufactures catalysts used to refine oil. Investigations found that UOP had conspired to…