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Petrobras enters binding phase for sale of two fertilizer Nitrogenados units


 

 

By Reuters Staff

RIO DE JANEIRO
Petroleumworld 12 20 2017

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 billion in assets through 2018.



Reporting by Alexandra Alper, editing by Louise Heav from Reuters.

reuters.com 12 19 2017

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