Brazil's Petrobras closes $1.5 bln deal to sell stake in African joint venture
14/01/2020 22:47
RIO DE JANEIRO, Jan 14 (Reuters) - Brazil's state-controlled
oil company Petroleo Brasileiro SA PETR4.SA said on Tuesday it
had ended its activities in Africa after closing the sale of a
50% stake in Petrobras Oil & Gas BV (PO&GBV), which holds some
Nigerian oil assets.
Petrobras, as the company is known locally, said in a filing
that it had sold the PO&GBV stake for just under $1.5 billion to
Petrovida Holding, which is formed by Vitol Investment
Partnership II, Africa Oil Corp and Delonex Energy.
It added that with the transaction, it had "completely
closed its operational activities in Africa."
(Reporting by Marta Nogueira)
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