Brazil's Petrobras to sell stakes in some refineries, keep others [Reuters]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
US:NYSE Investor Relations:
investidorpetrobras.com.br/en
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Source: Reuters
Brazil's Petrobras to sell stakes in some refineries, keep others | Reuters 2 Min Read SAO PAULO (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA is considering selling 60 percent stakes in two regional blocks comprising four refineries, and keeping full ownership of nine other units, it said in a securities filing on Thursday. Petrobras, as the company is known, is considering the sale of a 60 percent stake in two blocks of refineries in the Northeastern and Southern regions. Each block would have two refineries and logistical assets, and Petrobras would keep a minority stake. The company plans to keep full ownership of nine other refining units in Brazil´s richest region, the Southeast, according to a presentation the company will show to investors at an event on Thursday. This partnership model, including the 60 percent stake sale in four refineries and keeping the other nine refineries, will leave Petrobras with a 75 percent market share of refining in Brazil, acc
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