Brazil’s Petrobras nears $1.3bn sales of African venture stake

Brazilian state-controlled oil company Petróleo Brasileiro SA is close to agreeing the sale of its stake in an African venture for around $1.3 billion, Reuters reports newspaper Valor Econômico as saying on Tuesday. Petrobras, as the company is known, owns 50 percent of Petrobras Oil & Gas BV, or Petrobras Africa. Grupo BTG Pactual SA…
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