Stock Market News
Petrobras moves closer to fertilizer plant sale
2022.08.30 02:46
A logo of Brazil’s state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes
SAO PAULO (Reuters) – Brazil’s Petrobras said on Monday it had started the binding phase of selling its fertilizer project UFN-III, inviting potential buyers to bid on the plant.
The sale comes a few months after the state-run oil firm failed to reach a deal with Russia’s Acron for the project, located in Mato Grosso do Sul state.
