April 13, 2018 / 11:58 AM / 6 months ago

Petrobras receives $400 million in financing to acquire UK goods and services

(Corrects headline and first paragraph to reflect financing of $400 million, not 400 million reais, in this April 13 story)

(Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA (PETR4.SA) has received a financing line of $400 million (279.56 million pounds) from Credit Agricole Corporate Investment Bank (CAGR.PA) to be used to acquire goods and services from UK suppliers, the company said.

In a statement on Friday, Petrobras, as the company is known, said the financing line expires in 2029 and comes with a guarantee from UK Export Finance, the United Kingdom’s export credit agency.

($1 = 3.41 reais)

Reporting by Gram Slattery

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below