Petrobras reshapes refinery sales

Petrobras reshapes refinery sales

M&A Corporate & Sovereign Strategy Economy & Policy Debt Energy Brazil

Brazil's Petrobras has revised its proposed refinery sales, now looking to sell all of an asset, rather than a partial stake. "If we sell a refinery, we're going to sell 100%, not just some of the asset," CEO Roberto Castello Branco said during an earnings conference call. Petrobras previously put out the call for partners in its refinery businesses, with at least two groups of investors putting together offers for 60% stakes in four refineries.  The state-owned energy company has come under pre

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial