Petrobras enters binding phase for sale of two fertilizer units
12/19/2017 7:08:24 AM
RIO DE JANEIRO (Reuters) — Brazil’s state-run oil company Petroleo Brasileiro said on Tuesday it has begun the binding phase for the sale of two fertilizer units, Araucaria Nitrogenados SA and Unidade de Fertilizantes Nitrogenados III.
Interested buyers who were authorized in the prior phase will receive instructions on the divestment process, according to a statement from Petrobras, which is seeking to offload $21 B in assets through 2018.
Reporting by Alexandra Alper, editing by Louise Heavens
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