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