Petrobras: Stake sale
Issue 257
- 28 Jun 2013
| 1 minute read
Brazilian investment bank BTG Pactual has bought a 50% stake in Petrobras’ African unit Petrobras Oil & Gas for $1.525bn. Petrobras said its board of directors approved the transaction on 14 June. Petrobras has offices in Angola, Benin, Gabon and Namibia, as well as the Brasoil Oil Services Company (Nigeria) Ltd, Petroleo Brasileiro Nigeria Ltd and Petrobras Tanzania Ltd subsidiaries.
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