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Brazil's Petrobras finalizes sale of Nansei Sekiyu for $165 mln
December 29, 2016 / 10:22 AM / a year ago

Brazil's Petrobras finalizes sale of Nansei Sekiyu for $165 mln

SAO PAULO, Dec 29 (Reuters) - Brazil’s state-run oil company Petroleo Brasileiro SA closed the sale of a 100 percent stake in Nansei Sekiyu to Taiyo Oil Company, according to a securities filing on Thursday.

Petrobras said Taiyo agreed to pay $165 million in relation to the transaction. Japan-based Nansei Sekiyu is a refinery in Okinawa with capacity to process 100,000 barrels of oil per day, according to the filing. (Reporting by Ana Mano. Editing by Jane Merriman)

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