April 13, 2018 / 11:58 AM / 9 days 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

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