Petrobras to exit biofuel production business
Petrobras vai sair da área de produção de biocombustíveis
Intel ID : 240823
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Petrobras (BVMF:PTR3, PETR4, PBRA; BME:XPBR; NYSE:PBRA), a Brazil-based state-owned oil company, announced it will exit the biofuel production business in a press release issued on 20 September 2016. The company noted it will improve its business portfolio, fully exiting its operations of biofuel production, LPG distribution, and fertilizer production, as well as its stakes in the petrochemical market, retaining technological competence in areas with potential for development.
(content in portuguese)
A Petrobras (BVMF:PTR3, PETR4, PBRA; BME:XPBR; NYSE:PBRA), empresa petrolífera estatal brasileira, anunciou que vai sair da área de produção de biocombustíveis, segundo publicou a própria empresa em 20 de setembro de 2016. De acordo com a publicação, a empresa vai otimizar o portfólio de negócios, saindo integralmente das atividades de produção de biocombustíveis, distribuição de GLP, produção de fertilizantes e das participações em petroquímica, preservando competências tecnológicas em áreas com potencial de desenvolvimento. |
Relevant Documents
| Notice / Relevant Fact | 20 Sep 2016 | Petrobras_Comunicado_2016.pdf | PT |
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| Intel ID | 240823 | ||
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Brazilian Real (BRL)
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Financial Data - Petrobras
(31 Dec 2024) |
Revenue: - EBITDA: - Net Debt: - |
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20.02.02 Multiline Oil & Gas 20 Energy & Utilities / 20.02 Oil, Gas & Consumable Fuels |
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Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.