Petrobras Raises $1.8bn

Petrobras Raises $1.8bn

Brazil M&A

Petrobras continues to shed assets, agreeing to a pair of deals that will bring a fresh $1.83bn into the Brazilian state-controlled oil company's coffers. First, it has agreed to sell 50% of a unit holding African assets to BTG Pactual, its says, for $1.53bn. The unit, which includes Petrobras’ operations in Angola, Benin, Gabon, Namibia, Nigeria and Tanzania, is to work as a joint venture with the Brazilian investment bank to explore and produce oil and gas. Separately, Petrobras sold a 49% sta

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