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2016-12-22 15:45:00

PETROBRAS SELLS ASSETS

PETROBRAS SELLS ASSETS

REUTERSPetroleo Brasileiro SA said on Wednesday it will sell $2.2 billion worth of assets to France's Total SA, including stakes in oilfields and two thermal power stations. 

Petrobras, as the state-run company is known, will receive $1.6 billion in cash in 60 days, when the agreement closes, Chief Financial Officer Ivan Monteiro said in a press briefing. The rest will be received over time. 

With the agreement, the total divestment for…

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Tags: PETROBRAS, BRAZIL, OIL, TOTAL
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