Reuters logo
Petrobras starts sale of fertilizer assets
September 11, 2017 / 1:16 PM / 9 days ago

Petrobras starts sale of fertilizer assets

The logo of Brazil's state-run Petrobras oil company is seen on a tank in at Petrobras Paulinia refinery in Paulinia, Brazil July 1, 2017. REUTERS/Paulo Whitaker

SAO PAULO (Reuters) - Petróleo Brasileiro SA launched on Monday the sale of two fertilizer units, as Brazil’s state-controlled oil company seeks to reduce capital spending and focus on core business segments.

In a Monday securities filing, Petrobras (PETR4.SA) said the sales are part of a move to exit fertilizers. The units that have been put on the block include Araucária Nitrogenados SA and Unidade de Fertilizantes-III, or UFN-III, which is 80 percent completed at the moment.

Reporting by Guillermo Parra-Bernal

Our Standards:The Thomson Reuters Trust Principles.
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