We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| Name | Symbol | Market | Type |
|---|---|---|---|
| Petroleo Brasileiro S.A. Petrobras | BOV:PETR4 | Bovespa | Preference Share |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.10 | -0.24% | 41.40 | 41.37 | 41.48 | 41.63 | 40.96 | 41.40 | 35,456,900 | 23:45:01 |
From Apr 2019 to Apr 2024
By Rogerio Jelmayer
SÃO PAULO -- Brazilian state-run oil company Petróleo Brasileiro SA, or Petrobras, on Friday said it is in talks to sell its stake in sugar and ethanol producer Guarani SA to France's Tereos Internacional.
Petrobras is planning to sell its 45.9% stake in the company and it hired Banco Itaú BBA, to advise the sale process. It didn't provide an estimated financial figure for the transaction.
The proposed sale is part of Petrobras' plan to sell certain assets to reduce debt.
The company is planning to sell a total $15.1 billion of assets by the end of this year, and $19.5 billion of assets in 2017-18.
With the ambitious asset-sale plans, it seeks to reduce its ratio of net debt to earnings before interest, taxes, depreciation and amortization to 2.5 times in 2018; it was 5.3 times at the end of 2015. Petrobras ended the second quarter with total debt of $123.92 billion.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
(END) Dow Jones Newswires
October 21, 2016 08:33 ET (12:33 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
1 Year PETROBRAS PN Chart |
1 Month PETROBRAS PN Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
