BRIEF-KSS: expects Takata transaction to be completed in Q1 2018
* plans to retain "substantially all" of Takata Corp's workers globally on comparable employment terms
SAO PAULO, April 4 Brazil's state-controlled oil firm Petroleo Brasileiro SA could reduce debt below a projected target of 2.5 times Ebitda by the end of next year, Chief Executive Officer Pedro Parente said on Tuesday.
According to Parente, that would be possible if the company maintains the current trend of debt reduction. Petrobras has a debt load of just under $100 billion, amongst the highest in the global oil industry.
(Reporting by Bruno Federowski; Writing by Marcelo Teixeira; Editing by Daniel Flynn)
June 26 Key Safety Systems said on Sunday that it had reached a deal with Air-bag maker Takata to purchase nearly all of Takata's global assets and operations for an aggregate purchase price of about 175 billion yen ($1.57 billion) after the company filed for bankruptcy in the United States and Japan.
* Takata corp says kss intends to establish an asia regional headquarters in tokyo, which should create new jobs in japan