March 4, 2019 |
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
Brazil's state-owned energy company now plans to sell all of an asset, rather than a partial stake