November 26, 2019 / 12:24 PM / 19 days ago

Brazil's Petrobras talks to sell fertilizer ops to Acron Group end with no deal

FILE PHOTO: A logo of Brazil's state-run Petrobras oil company is seen at their headquarters in Rio de Janeiro, Brazil October 16, 2019. REUTERS/Sergio Moraes

SAO PAULO (Reuters) - Brazilian state-run Petroleo Brasileiro SA (PETR4.SA) said on Tuesday that talks to sell its fertilizer business to Acron Group ended with no agreement.

In a securities filing, Petrobras, as the company is known, added it remains committed to divest Araucária Nitrogenados SA (ANSA) and Unidade de Fertilizantes Nitrogenados III (UFN-III), in order to improve its portfolio and capital allocation.

Reporting by Gabriela Mello, editing by Louise Heavens

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