Petrobras Selling Stake in Natural Gas Distributor to Mitsui

Updated on
  • Sale of 49% stake in final stages; terms not disclosed
  • Deal needs authorization from Petrobras board and regulators

Petroleo Brasileiro SA, Brazil’s state-controlled oil company, is in the final stages of selling a stake in a natural gas distribution holding company to Japan’s Mitsui & Co. as it seeks to raise cash by divesting assets.

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