Petróleo Brasileiro SA and France’s Total SA have signed final terms of a $2.25 billion joint venture involving the sale of assets as well as stakes in oilfields and two thermal power stations.
Petrobras, as the state-controlled oil producer is known, will receive $1.6 billion in cash as part of the agreement, and have the option to access a $400 million credit facility from Total, according to a securities filing.
By Guillermo Parra-Bernal
Source: Reuters
LinkedIn Twitter Xing EmailWhen I left my second large company experience to become President of a small manufacturing company I did so driven by ego; I fancied the title. Soon […]
LinkedIn Twitter Xing EmailFirm details on exactly how the U.K. will regulate new medicines is still to be decided after it leaves the EU later this year (caveats on timing […]
LinkedIn Twitter Xing EmailThe Simply Good Foods Company, the owner of Atkins-branded food products, has secured a deal to acquire protein snack maker Quest Nutrition for $1 billion. Quest, which […]
