Petrobras Informs Injunction to Suspend Sale of Fertilizer Assets

Source: www.gulfoilandgas.com 5/29/2019, Location: South America

Petrobras was notified of the decision of the Federal Court of Rio de Janeiro, which granted an injunction, in a public action, ordering the suspension of the sale of 100% of its shareholding in Araucaria Nitrogenados SA (Ansa) and its Nitrogenated Fertilizer Unit III (UFN-III).

Petrobras will take appropriate action in the interests of its interests and investors.

The company reinforces the importance of divestments through portfolio management to reduce its level of indebtedness and generate value, in line with its 2019-2023 Business Plan and Management and Resilience Plan.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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