Brazil’s Petrobas to sale $1.3 bn of African venture stake

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The Brazilian state-owned oil company Petróleo Brasileiro SA is poised to accept the sale of its stake in its African subsidiary for about 1.3 billion dollars.

According to local paper newspaper Valor Econômico, Petrobras owns 50% of Petrobras Oil & Gas BV, or Petrobras Africa.

Brazilian financial company, BTG Pactual SA holds a 40% stake in the company and Helios Investment Partners holds the remaining 10%.

And according to an anonymous source, the three shareholders would sell their s…

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